Swiss government proposes tough new capital rules in major blow to UBS

Swiss government proposes tough new capital rules in major blow to UBS


Key Points
  • The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital.
  • The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks.
  • The Swiss National Bank said it supported the measures from the government as they will “significantly strengthen” UBS’ resilience.



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