UBS CEO Pushes Back on Swiss Capital Rules Ahead of Parliamentary Vote
6 Articles
6 Articles
UBS Head Ermotti Calls AT1 Capital Compromise Bearable, NZZ Says
(Bloomberg) -- UBS Group AG Chief Executive Officer Sergio Ermotti said a proposal by Swiss lawmakers for the bank’s future capital requirements is “bearable” but would still deal a blow to the lender, according to a newspaper interview.
On Wednesday, the Council of States will vote on how much capital UBS will have to hold in the future. For Grossbank, the capital issue marks a turning point. CEO Sergio Ermotti is all the more alarmed by the arguments with which the debate is being conducted. In a conversation with the NZZ, he tries to create clarity.
UBS CEO Sergio Ermoti warned lawmakers not to impose overly strict capital requirements on the Swiss bank, in an interview published on Sunday, just days before… Switzerland: UBS CEO Warns Lawmakers Not to Impose Overly Strict Capital Requirements on Bank - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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Cryptocurrency News | Cryptocurrency Prices | Market CapUBS CEO Ermotti warns against strict capital rules ahead of crucial Swiss vote
UBS CEO Sergio Ermotti warns Swiss parliament that strict new capital rules could harm competitiveness as a crucial vote on $20B requirements
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- 67% of the sources lean Right
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