3 Articles
3 Articles
UBS CEO Urges Switzerland to Balance Tougher Bank Rules With Global Competitiveness, Warns AI Will Eliminate Some Finance Jobs
The chief executive of UBS, Sergio Ermotti, has urged Swiss policymakers to strike a balance between strengthening financial stability and preserving the country’s competitiveness as lawmakers debate new capital requirements for major banks in the wake of the banking turmoil that culminated in the collapse of Credit Suisse. Speaking at the Point Zero Forum in […] The post UBS CEO Urges Switzerland to Balance Tougher Bank Rules With Global Compet…
Lawmakers will consider competitiveness as well as financial stability as they develop new capital rules for Switzerland's big banks, UBS CEO Sergio Ermotti said at the Point Zero Forum in Zurich. The banker also discussed how artificial intelligence is transforming the banking sector.
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