«Empörend» – «Ich finde es wichtig, dass auf die negativen Folgen der Regulierung hingewiesen wird»: Die Aussagen von Sergio Ermotti geben im Ständerat zu reden
Am Mittwoch legen die Parlamentarier fest, wie viel Eigenkapital die UBS künftig halten muss. Für die Grossbank ist das ein Schicksalsentscheid. Der Bankchef hat in der NZZ die zuständigen Behörden heftig kritisiert.
The Swiss parliament recently decided on the amount of equity UBS must hold, marking a turning point for the bank. Sergio Ermotti, UBS CEO, criticized the authorities in the NZZ magazine, accusing them of misinforming parliamentarians about the lessons learned from the CS collapse. Ermotti argued that the authorities deliberately withheld crucial information, intending to divert blame for their own failures during the crisis.
The decision requires UBS to maintain 45% of the capital in CET1, a type of hard equity, for its foreign subsidiaries, with a minority in the small chamber advocating for a more stringent 90% requirement. UBS could meet this demand by using AT1 bonds, which convert into equity during a crisis. Ermotti accused the authorities of distorting facts and presenting them in an misleading manner.
The National Bank and the Finance Department declined to comment on Ermotti's remarks, while the Federal Financial Market Supervision Authority (Finma) stated that the balance of interests between bank shareholders and risks to taxpayers should be determined by politics. Standerat members held varying opinions on Ermotti's statements, with some accusing him of maligning others' intentions and demotivating those who advocate for broader public interests.
Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
