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UBS faces pressure from Swiss authorities to increase capital reserves following its takeover of Credit Suisse, which could cost up to CHF 25 billion. The bank is lobbying against tighter regulations, fearing it may lose competitiveness and shareholder dividends, while also hinting at the possibility of relocating if conditions worsen. CEO Sergio Ermotti has expressed frustration over the regulatory challenges, emphasizing UBS's reliance on its Swiss identity.
The disappearance of cantonal banks in Solothurn and Ausserrhoden in the 1990s had no lasting negative impact on financial services for the population, according to Avenir Suisse. The think tank highlights that state guarantees and tax exemptions for cantonal banks distort competition, create liability risks, and lead to inaccuracies in national financial equalization calculations. It advocates for reforming these banks to enhance stability and competitiveness in the Swiss financial system.
Researchers from the University of Berne estimate that UBS benefits from a CHF 2.6 billion implicit state subsidy due to its "too big to fail" status, allowing it to borrow at lower costs. This support, which enhances shareholder profits, raises concerns about the impact on public resources and the fairness of such subsidies. UBS CEO Sergio Ermotti disputes this claim, asserting that risks are borne by shareholders and bondholders, not taxpayers.
Cyril Monnet
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ubs faces regulatory pressure amid lobbying and concerns over capital requirements
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11:31 04.04.2025
cantonal banks face scrutiny over state guarantees and tax advantages
05:01 26.02.2025
ubs receives 2.6 billion subsidy amid too big to fail concerns
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14:26 03.02.2025
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