{
  "id": 9296033,
  "title": "Der Ständerat entscheidet: Die UBS muss ausländische Tochtergesellschaften mit 90 Prozent hartem Eigenkapital unterlegen",
  "url": "https://urgent.news/2026/09/23/der-standerat-entscheidet-die-ubs-muss-auslandische",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T07:19:38.000Z",
  "source": {
    "name": "NZZ Wirtschaft",
    "slug": "nzz-wirtschaft",
    "url": "https://www.nzz.ch/wirtschaft/der-staenderat-fordert-die-ubs-muss-auslaendische-tochtergesellschaften-mit-90-prozent-hartem-eigenkapital-unterlegen-ld.10024905"
  },
  "original_language": "de",
  "account": "The Swiss Ständerat has decided on stringent capital rules for UBS, with a vote of 29 to 16 in favor of a 90 percent equity requirement for foreign subsidiaries of systemically important banks. This decision aligns with a minority proposal from the Economic Commission. The regulations will primarily affect UBS, focusing on how much of its foreign subsidiaries' losses must be cushioned using high-quality core capital (CET1). UBS currently holds about 45 percent of its foreign holdings in CET1. The Bundesrat had previously proposed a 100 percent requirement to prevent losses from foreign subsidiaries from weakening the bank's equity. Finance Minister Karin Keller Sutter defended the 100 percent proposal before the Ständerat vote, emphasizing that risks cannot be reduced to zero, but stressed that good regulation must allow a bank to withstand poor management. Both UBS and the bank association opposed the strengthening of regulations and supported a proposal from the Ständerate Economic Commission, which suggested only 50 percent of holdings should be covered by CET1, with the remaining 50 percent potentially accounted for by AT1 bonds. These bonds would be a new type of security that could be written off or converted into equity in a crisis. However, the Bundesrat and many Ständerat members doubted the ability of this mechanism to stabilize the bank in a crisis, so they favored a 90 percent equity requirement. The Ständerat is set to vote on a compromise proposal for UBS on Wednesday. Crisis bonds play a significant role in the debate, and a proposal with a 90 percent equity requirement had good chances in the discussion. UBS considers it non-viable. Corinne Zellweger-Gutknecht believes that proposals from influential Ständerat members in the capital debate are dangerous. In an interview, she explains how the large bank can be made crisis-proof. Sergio Ermotti expressed alarm over the capital issue of UBS before the Ständerat vote. For the large bank, the capital question marks a turning point.",
  "summary": "Die Kleine Kammer stimmt für schärfere Kapitalregeln für die UBS. Im Vorfeld hatte sich die Grossbank dagegen vehement gewehrt.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}