Federal Councillor Keller-Sutter emphasized the need for credible resolution planning for UBS, highlighting the necessity for foreign subsidiaries to have more equity than the current 60 percent requirement. She noted that the capitalization of Credit Suisse's subsidiaries in the US and UK was inadequate, while discussions continue on the appropriate future capital backing, which may exceed 60 percent, as seen in other countries.
UBS's capital level is under scrutiny as authorities consider increasing requirements, potentially up to 100% for foreign units. The final decision hinges on UBS's resolvability and the credibility of its resolution plans, with the aim of protecting the economy and taxpayers from mismanagement costs. Current capital requirements are lower due to the smaller domestic market compared to larger foreign markets.
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