Switzerland Plans to Impose Up to $26 Billion Capital Boost on UBS
TL;DR
The Swiss government has proposed increasing UBS's capital requirements by up to $26 billion to prevent another Credit Suisse-style crisis, including full capitalisation of foreign subsidiaries, with reforms expected to be enacted by 2028 and a transition period of six to eight years, amidst ongoing political debate and lobbying.
- Switzerland proposes forcing UBS to add $18bn in capital Financial Times
- Swiss government proposes tough new capital rules in major blow to UBS CNBC
- UBS buybacks may be hit by new capital rules: government Yahoo Finance
- How UBS’s Capital Conundrum Is Moving Into Hot Phase: QuickTake Bloomberg
- Switzerland to Require UBS to Add Up to $26 Billion in Additional Capital WSJ
Want the full story? Read the original reporting
Read on Financial Times