Senate proposes capital compromise for UBS amid Swiss banking overhaul
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What happened
The Senate has introduced a proposal regarding a capital compromise for UBS as part of the broader review of banking regulations in Switzerland. The Swiss finance minister stated that the Federal Council had chosen against any further general tightening of capital ratios for the bank. The finance minister added that the Senate had taken a different stance on the matter.
From swissinfo.ch
Why it matters
The review addresses the operational structure of UBS following its acquisition of Credit Suisse. The proposals are intended to manage the bank's status as a major financial institution operating under Swiss oversight.
Following the acquisition of Credit Suisse, the Swiss parliament proposed new banking regulations for UBS.
From swissinfo.ch
Who's involved
- UBSSwiss multinational investment bank undergoing capital review
- SwitzerlandCountry whose financial operations are under review
- Credit SuisseSwiss multinational banking institution acquired by UBS
- senateLegislative body introducing counterproposals on capital requirements
How it developed
Newest first. Tap a step to see who reported it.Keller-Sutter downplays UBS relocation talk amid Senate decision and capital inflows.1 source
UBS faces Senate proposal regarding its capital compromise amid Swiss banking sector overhaul.1 source
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Part of
Following the acquisition of Credit Suisse, the Swiss parliament proposed new banking regulations for UBS.Also in this story
- The Swiss parliament has proposed stricter capital requirements for UBS.
- The ongoing financial crisis involving UBS and Credit Suisse is leading to calls for banking reform, including exploring the phase-out of AT1 bonds.
The entities involved
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UBS
Swiss multinational investment bank and financial services company
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Switzerland
country in Central Europe