Before the UBS Decision in the Stand Council, the Shreds Fly
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5 Articles
Forbes España
diarioestrategia.clThe Swiss bank UBS has declared its preference for the proposal drawn up by the Committee on Economic and Tax Affairs of the Council of States – the Swiss High Chamber – that reduces the requirements of the Swiss Government’s project to tighten the capital requirements required of the big banks, one day after the vote [...] The UBS entry, in favor of strengthening the capital of the bank with ‘Cocos’ before the vote in the Swiss Parliament appea…
Shortly before the decisive showdown in the Council of States, the tone of the future capital rules for UBS is tightened again. The focus is on WAK-S President Erich Ettlin: The mid-Ständerat rejects the allegation that with a tactical voting manoeuvre the UBS wants to help achieve a milder regulation.
UBS boss loses complete sense of what belongs to himself, pushes stand council to high risk Lex UBS, wants to perform with mini-capital Big Trading. Switzerland saved the UBS 2008, the CS 2023. That's it, one thought. From now on there are tough guidelines. Those who expected that made the bill without Sergio Ermotti. He turns up today like never. A ten-point paper is supposed to be the still inconclusive stand councils [...]
On Wednesday, the Council of States decides on the regulation of large banks. UBS CEO Sergio Ermotti does everything to prevent a tightening.
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