Schweizer Großbank: UBS und Finanzministerin unzufrieden mit Kapitalvorschlag
Die UBS kritisiert die geplante Lockerung der Kapitalvorgaben als weiterhin zu teuer. Die Schweizer Finanzministerin Keller-Sutter hält dagegen und fordert strengere Regeln für die Großbank.
Swiss banking giant UBS has rejected the capital reduction proposal from a parliamentary commission, stating dissatisfaction with the move. In a statement published on Tuesday, the bank criticized the ongoing threat of additional costs, estimating that it would need to hold around 13 billion dollars in additional Tier-1 capital, which could be covered by AT1 capital.
Swiss Finance Minister Karin Keller-Sutter expressed disappointment with the mitigation, claiming that the step does not align with the government's stance. "It's not an improvement in the situation, quite the opposite," she stated to journalists in Basel on Tuesday. A Stander commission proposed on Monday that UBS must hold 50% of hard core Tier-1 capital in its foreign subsidiaries, while the government demands 100%.
According to the commission's plan, UBS could maintain the current level of hard core capital and instead hold more of the bank-friendly AT1 bonds.
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