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Swiss National Bank Vice Chairman Antoine Martin stated that UBS should fully capitalise its foreign units to ensure financial stability, amid ongoing discussions about new capital requirements following the Credit Suisse collapse. UBS argues it already has sufficient capital, and stricter rules could hinder its operations and Switzerland's status as a financial hub. The Swiss government is expected to propose new regulations in May, potentially requiring UBS to set aside more capital for its foreign subsidiaries.
The Swiss National Bank (SNB) advocates for a thicker capital buffer for UBS to enhance financial market stability, emphasizing the need for full deduction of foreign holdings from the bank's equity capital. Vice President Antoine Martin highlighted Switzerland's advantages, suggesting it remains an attractive location for UBS despite potential increased capital requirements. The Swiss Ministry of Finance is set to propose stricter capital adequacy rules, potentially requiring UBS to raise an additional $15 to $25 billion in equity.
The Swiss National Bank (SNB) is advocating for a reform that could require UBS Group AG to hold an additional $25 billion in capital, ensuring the full deduction of foreign subsidiary values from the parent bank's capital. SNB President Martin Schlegel emphasized the reform's importance for financial stability, with legislation expected to be reviewed by Swiss lawmakers by May and potential implementation by 2028. Despite opposition from UBS executives, the SNB's stance reflects Switzerland's strong track record in wealth management.
The Swiss National Bank supports a reform requiring UBS Group AG to maintain up to $25 billion in additional capital by fully deducting the value of its foreign subsidiaries. SNB President Martin Schlegel emphasized that this approach is crucial for financial stability, despite opposition from UBS executives. Legislation on the capital rules is expected to be presented to Swiss lawmakers by May, with potential implementation by 2028.
Swiss National Bank Vice Chairman Antoine Martin stated that financial stability would be best served if UBS fully capitalizes its foreign subsidiaries. He emphasized that while Switzerland remains an attractive location for banks, the decision on capitalizing foreign units ultimately lies with UBS.
Swiss National Bank Vice Chairman Antoine Martin stated that financial stability would be best achieved if UBS fully capitalised its foreign subsidiaries. He emphasized that while Switzerland remains an attractive banking environment, the decision ultimately lies with the bank itself.
Antoine Martin, Vice President of the Swiss National Bank, stated that UBS should fully capitalize its foreign subsidiaries to enhance financial stability. He emphasized that Switzerland remains an attractive location for banks and that the SNB's focus is on maintaining financial stability, while refraining from commenting on banks' operational decisions.
Swiss National Bank Vice President Antoine Martin emphasized that financial stability would benefit from UBS fully capitalizing its foreign subsidiaries. He acknowledged the attractiveness of Switzerland for banks and stated that while the SNB supports financial stability, decisions regarding bank operations remain with the institutions themselves.
Antoine Martin, Vice President of the Swiss National Bank, refrained from commenting on UBS's potential relocation plans, emphasizing that the SNB does not interfere in private company decisions. He highlighted Switzerland's stable environment as an attractive factor for banks.
Swiss National Bank Vice Chairman Antoine Martin refrained from commenting on UBS's potential relocation plans, emphasizing that the SNB does not interfere in private company decisions. He highlighted Switzerland's stable environment as an attractive factor for banks.
Antoine Martin
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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