UBS has indicated its openness to considering the proposals put forth by the Parliamentary Investigation Commission (PUK) in order to strengthen the financial sector.

This comes after the release of a report on the collapse of Credit Suisse (CS) in March 2023. The bank agrees with the PUK's assessment that CS's downfall was a result of long-term strategic mistakes and mismanagement, as well as a heavy reliance on regulatory concessions.

While UBS supports most of the PUK's recommendations for improving financial resilience, it emphasizes the importance of targeted, proportional, and internationally coordinated regulatory adjustments. UBS also points out that it is already required to maintain around $20 billion in additional capital due to its acquisition of CS, underscoring the need to balance financial stability with associated economic costs.

The bank reiterates its commitment to the Too-Big-to-Fail framework and asserts that it has taken significant measures to ensure its resolvability without seeking regulatory concessions.