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Swiss Finance Minister Karin Keller-Sutter stated that the government will not be influenced by UBS's intense lobbying while revising financial regulations following Credit Suisse's collapse. She emphasized the need to protect taxpayers and ensure that systemically important banks like UBS are resolvable in a crisis. Keller-Sutter also clarified that she has engaged with UBS management but will not adopt their proposals without considering broader public interests.
Swiss Finance Minister Karin Keller-Sutter stated that the government will not yield to UBS's lobbying as it drafts new financial regulations following Credit Suisse's failure. While acknowledging the bank's intense lobbying efforts, she emphasized the need to protect taxpayers and ensure that UBS remains resolvable in a crisis. Keller-Sutter confirmed ongoing communication with UBS management but clarified that the government will not simply adopt the bank's proposals.
The Swiss National Bank has called for reforms in the banking sector's capital regime following the 2023 collapse of Credit Suisse, which was subsequently acquired by UBS. The government aims to bolster UBS's capital to prevent similar failures, though UBS contends that increased capital requirements could hinder its competitiveness. The SNB noted that UBS's current capital position is stronger than Credit Suisse's pre-crisis status, while also highlighting ongoing risks in the mortgage and real estate markets.
The Swiss National Bank (SNB) has highlighted ongoing weaknesses in capital adequacy regulations for the banking sector, despite the fallout from Credit Suisse's collapse in 2023. The government is pushing for stricter regulations, particularly requiring UBS to hold more capital, which remains a contentious issue. While UBS claims it is well-capitalized compared to global peers, the SNB stresses that improvements are necessary to enhance stability and competitiveness in Switzerland's financial landscape.
The Swiss National Bank has called for reforms in the banking capital regime following the 2023 collapse of Credit Suisse, supporting government efforts to enhance industry resilience. Stricter regulations are proposed for UBS, which is currently integrating Credit Suisse, amid concerns over its capital adequacy and the risks in the mortgage and real estate markets.
The Swiss National Bank (SNB) has called for improvements in the capital regime of the banking sector following the 2023 collapse of Credit Suisse, which was taken over by UBS. The government is considering stricter regulations, particularly regarding UBS's capital requirements for its foreign subsidiaries, despite UBS arguing that it is already well-capitalized compared to global peers. The SNB noted positive market indicators for the integration of Credit Suisse into UBS, while also highlighting ongoing risks in the mortgage and real estate markets.
The Swiss National Bank has called for improvements in the capital regime of the banking sector following the 2023 collapse of Credit Suisse, which was taken over by UBS. The government is considering stricter regulations, particularly regarding UBS's capital requirements for its foreign subsidiaries, despite UBS arguing that it is already well-capitalized compared to global peers. The SNB noted positive market indicators for the integration of Credit Suisse into UBS, while also highlighting ongoing risks in the mortgage and real estate markets.
The Swiss National Bank has emphasized the need to address weaknesses in the current capital regime for the banking sector. In its annual report, the central bank pointed out UBS's challenges in securing adequate capital for its subsidiary holdings, a concern previously raised in a report last June.
The Swiss National Bank has identified significant weaknesses in the current capital regime for the banking sector, emphasizing the need for reform. In its annual report, the central bank pointed out concerns regarding UBS's capital support for its subsidiaries, which were previously highlighted in a report last June.
UBS has expressed concerns over the "ill-informed" public debate in Switzerland regarding its size and activities, which is creating uncertainty as the country considers new banking regulations. Following its acquisition of Credit Suisse, UBS is facing stricter capital requirements, despite already meeting high standards for globally systemically important banks. The bank supports measures for individual executive accountability and a permanent safety net for systemically important institutions, while awaiting further details on capital requirements from the Swiss government.
Dave Graham
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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