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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.
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.
Swiss Finance Minister Karin Keller-Sutter stated that the government will not be influenced by UBS's intense lobbying as it revises financial regulations following Credit Suisse's collapse. She emphasized the need for new capital requirements to protect taxpayers and ensure that systemically important banks like UBS can be resolved in a crisis. Despite UBS's opposition, Keller-Sutter reaffirmed the government's commitment to tightening capital rules for major banks.
Swiss Finance Minister Karin Keller-Sutter stated that the government will not be influenced by UBS's intense lobbying while drafting new financial regulations following Credit Suisse's collapse. She emphasized the need for higher capital requirements for major banks to protect taxpayers and ensure that systemically important banks like UBS are resolvable in a crisis. Keller-Sutter confirmed ongoing communication with UBS's management but reiterated that the government's role is to balance public interests with the banking sector's proposals.
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.
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.
Swiss Finance Minister Karin Keller-Sutter stated that the government will not be influenced by UBS's intense lobbying as it revises financial regulations following Credit Suisse's collapse. She emphasized the need for new capital requirements to protect taxpayers and ensure that UBS remains resolvable in a crisis. Despite ongoing communication with UBS management, she affirmed that the government must prioritize public interests over the bank's business concerns.
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.
John Revill
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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