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ubs chair warns against increased capital requirements for swiss banks
UBS Chair Colm Kelleher cautioned that proposed increases in capital requirements for major Swiss banks could undermine Switzerland's status as a financial hub. While he supports most recommendations from the government, he opposes stricter capital rules, arguing they would harm competitiveness and customer pricing. Kelleher emphasized UBS's strong capital position and commitment to Switzerland, warning that excessive requirements could signal a shift away from being a relevant international financial center.
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