UBS Already Has Enough Capital to Meet New Government Requirements: Swiss Central Bank
4 Articles
4 Articles
UBS already has enough capital to meet the new requirements, says the SNB. The central bank reaffirms its support for the tightening of post-Credit Switzerland regulations, which is deemed necessary and compatible with international competitivenessThree years after Credit Suisse's collapse, the Swiss banking sector is generally well equipped to cope with the current challenges, according to the Swiss National Bank (SNB) in its report on financia…
The National Bank comes to the aid of the Federal Council. In the dispute over the capitalization of UBS, it demands that foreign daughters be completely underlaid with hard equity in the future. Last week, the International Monetary Fund also postulated the same thing.
The Swiss National Bank said Thursday that UBS is so well capitalized that it already meets the more stringent capital requirements proposed at the center of efforts to strengthen banking rules after the collapse of Credit Suisse in 2023.After UBS acquired its fallen rival, the authorities took steps to impose stricter rules on the last remaining global bank in Switzerland to help prevent a new crisis.Among the measures, the government wants UBS…
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