Lates News

On Wednesday, the Swiss government made concessions to UBS Group in the proposed new capital regulations but insisted on its core requirement that banks must provide sufficient capital for their overseas operations. The banking law aims to prevent situations like the collapse of Credit Suisse. The law reduces immediate capital requirements for UBS and has sparked a positive clash within Parliament: on one hand, lawmakers who believe stricter regulations are needed to protect taxpayers and the public, and on the other hand, concerns that excessive capital burden will harm the Swiss banking industry.