The Swiss Finance Minister, Karin Keller-Sutter, has stated that UBS Group AG's foreign units will have additional capital requirements based on their preparedness for emergency scenarios.
Keller-Sutter mentioned the insufficient capitalization of Credit Suisse's subsidiaries in the United States and the United Kingdom, emphasizing the importance of a strong resolution plan for UBS.
The exact amount of extra capital needed has not yet been determined. These comments from the minister highlight the ongoing regulatory scrutiny in the banking industry and the need for financial institutions to ensure sufficient capitalization across their international operations.