Swiss regulators demand UBS add $20B in safety reserves to prevent taxpayer-funded bailout
7 Articles
7 Articles
The head of the National Bank defends the Federal Council's demand for tougher capital requirements for UBS. In an interview, he stresses that the bank already has sufficient capital to meet all the proposals of the Federal Council, taking into account reserves.
The Federal Council wants to impose new rules on systemically relevant banks. Marcel Rohner warns of the consequences.
Swiss regulators demand UBS add $20B in safety reserves to prevent taxpayer-funded bailout
Banking giant UBS was ordered Wednesday to set aside an extra $20 billion in safety reserves in Switzerland as the government there moves to tighten rules aimed at preventing another taxpayer-funded bailout like the 2023 Credit Suisse collapse.
The pulse between Berne and UBS has just risen: the Swiss Federal Council wants to force the bank to raise an additional $20 billion in capital. The figure, filtered this week by Financial Times and Bloomberg, arrives just as the group executive thought it had gained some margin in the negotiation of the banking reform. It has not won it. What is on the table is the highest bill that a European regulator has put a systemic entity in this decade.…
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