An "extreme special path" or a "successful compromise"? That's what experts say about the capital rules for UBS
The stricter capital requirements that the Council of States has approved for the large bank are triggering opposing reactions. The lines of conflict in the capital dispute remain hardened.
The Swiss Ständerat has voted in favor of new capital rules for UBS, requiring a 90% capital coverage of the bank's foreign subsidiaries at its Swiss parent company. The UBS has expressed concerns that this will lead to an "excessive" increase in capital requirements, estimated to be around $16 billion. The Swiss Bankers Association also criticizes the decision, saying it will weaken the competitiveness of the Swiss financial sector.
However, some experts, such as Corinne Zellweger-Gutknecht, a professor at the University of Basel, see the decision as a "good solution" that will strengthen the UBS's parent company and contribute to financial stability in Switzerland. The decision will now be passed to the National Council for further discussion.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
