Switzerland mandates $26 billion capital boost for UBS amid banking reforms

UBS faces up to $26 billion in new capital requirements due to Swiss banking reforms aimed at increasing resilience, including raising capital held at home against foreign units to 100%. The reforms, driven by the Swiss government following the collapse of Credit Suisse, are phased in over a decade and include measures to improve capital quality and regulatory powers. UBS has expressed concerns about the impact on its competitiveness and payouts, but the government emphasizes the reforms' role in strengthening the bank's crisis resilience. The final legislation is expected to be debated in 2027, with full compliance possibly delayed until 2035.