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Swiss Parliament backs 90% capital rule for UBS foreign units

UBS rejects parliament decision, says it will protect long-term interests

3 Yesterday 7:54 AM · 18h ago · 2 articles · 1 source · development 3 of 3

UBS stated that the Swiss parliament's capital requirement decision is not a compromise and said the bank will focus on protecting its long-term interests rather than accept the ruling.

UBS rejects parliament decision, says it will protect long-term interests
Seeking Alpha

“UBS Group AG rejected the latest decision by the Swiss parliament which would impose substantial new capital requirements, saying it will focus on protecting its long-term interests.”

UBS Group AG

UBS Group AG Bank subject to capital requirementsSwiss Government Proposed stricter capital rulesSwiss Parliament (Upper House) Legislative body voting on capital requirements

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1Lawmaker withdraws motion to defer UBS…2Swiss upper house approves 90% CET1…3UBS rejects parliament decision, says it…
Sep 18Sep 19Sep 20Sep 21Sep 22yesterdaynow · 2:09 AM ET

What was reported 1 claim about this development

  1. 3 outlets Swiss upper house votes in favor of UBS backing foreign units with 90% CET1 capital - report

    first by Seeking Alpha, 18h ago · also Bloomberg Markets, Anadolu Agency

    2 more headlines

All 3 developments of Swiss Parliament backs 90% capital rule for UBS foreign… →

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