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ubs faces capital tightening as share price declines amid regulatory discussions
UBS is facing potential capital tightening, with the Swiss parliament set to decide on requirements that emphasize full capital backing for its foreign subsidiary. CEO Sergio Ermotti and executives oppose this demand, while FINMA's Walter insists the treatment of UBS aligns with global standards and is not over-regulated. On Wednesday, UBS shares fell 2.00% to 28.95 francs.
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