US EditionSwiss Give UBS Capital Concessions Ahead of Main Parliament Test
8 Articles
8 Articles
The UBS strongly criticizes the proposals of the Federal Council. Expert Aymo Brunetti refers to the long transition phase.
The Federal Council tightens the capital requirements for UBS. But in parliament, lines of fracture already appear between financial stability, competitiveness and still alive memory of Credit Suisse's debacleThe Finance Minister, Karin Keller-Sutter, presented on Wednesday measures to avoid a new banking crisis, in particular by strengthening the capital requirements of the UBS despite the oppositions of the main interested party. From now on, …
The SNB supports the Federal Council's turn of view for large banks such as UBS in the area of equity. Questioned at 7.30 p.m., its Vice-President Antoine Martin felt that capital requirements would not endanger UBS' competitiveness.
When it comes to banking regulation, the Federal Council met with the UBS. The Grossbank still finds it extreme. Parliament should not be impressed by it. UBS boss Sergio Ermotti lobbied in vain against the Federal Council's regulatory plans. Picture: keystoneThe Federal Council met with the UBS in banking regulation. The Grossbank still finds it extremely. Parliament should not let itself be impressed by it.About Karin Keller-Sutter there has b…
Switzerland softens UBS capital push, but still points to $20bn extra buffers
Switzerland has softened parts of its planned capital package for UBS, but still indicates the bank would need to build roughly $20bn in additional buffers to help prevent a repeat of the failures that brought down Credit Suisse. The Swiss Federal Council has published its final Capital Adequacy Ordinance (CAO), which sets out the regulatory capital treatment for selected assets at banks headquartered in Switzerland. At the same time, it has sub…
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