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A delay in implementing tougher capital rules for UBS has created uncertainty for the Swiss bank while postponing potentially burdensome charges. Swiss authorities aim to enhance banking sector robustness following Credit Suisse's collapse, but the slow progress on new regulations raises concerns about UBS's competitiveness and the overall stability of the financial market.
A delay in new capital rules for UBS has created uncertainty about the bank's future while alleviating immediate regulatory burdens. Swiss authorities aim to involve parliament in determining capital requirements for UBS's foreign subsidiaries, potentially postponing decisions until 2028. This shift aligns with broader discussions on banking regulations, as UBS faces pressure to remain competitive amid loosening rules in other major financial centers.
A delay in implementing tougher capital rules for UBS has created uncertainty about the bank's future while postponing potentially burdensome charges. Swiss authorities aim to align UBS's capital requirements with international standards, but the slow process raises concerns about competitiveness as global peers consider deregulation. UBS has expressed that any new requirements should be targeted and coordinated internationally.
A power struggle is unfolding at UBS between CEO Sergio Ermotti and Finance Minister Karin Keller-Sutter over capital requirements, with the latter demanding an increase of CHF 15-25 billion by 2030. UBS plans a CHF 3 billion share buyback and a 10% dividend increase, countering calls for more equity amid concerns about financial stability. The debate intensifies as regulators push for stricter capital adequacy rules, while Ermotti warns that such demands could hinder the bank's operations and economic contributions.
The Parliamentary Commission of Inquiry (PUK) is set to release its report on the downfall of Credit Suisse (CS) before Christmas, with scrutiny directed at the Swiss National Bank and FINMA for their delayed interventions. Critics argue that Parliament's political initiatives and regulatory filters weakened FINMA's authority, complicating the oversight of large banks. The report may reveal whether lessons have been learned from the UBS rescue in 2008 regarding capital requirements and the too-big-to-fail framework.
Hannes Germann
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delay in capital rules creates uncertainty for ubS amid regulatory shifts
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