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UBS Receives Reassuring Signals From Parliament
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UBS Receives Reassuring Signals from Parliament
While the Federal Council’s ordinances on banking stability are not expected until mid to late April, a group of parliamentarians from both the National Council and the Council of States has reportedly sent reassuring signals to UBS. According to a media report, the aim is to soften the strict new capital requirements.
While the regulations of the Federal Council on Banking Stability are not expected until the middle of April, a group of parliamentarians from the National and State Councils are supposed to have sent soothing signals to UBS. According to a media report, the aim is to weaken the strict new rules on equity capital.
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