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UBS equity capital debate shifts to parliament amid regulatory delays
Karin Keller-Sutter has shifted the decision-making on UBS's capital requirements from the Federal Council to Parliament, delaying the process significantly. The SP has criticized this move, warning of risks to financial stability, while the SVP has retreated from its previous hardline stance on banking regulations. A referendum on the equity issue may follow, but any changes are unlikely before 2027 or 2028.
svp withdraws radical banking reform proposals after new regulatory suggestions
The SVP has retracted its radical proposal to break up big banks, initially called for after the Credit Suisse crisis, citing better regulatory alternatives from the Federal Council and the parliamentary commission. Thomas Matter emphasized that the new measures aim to significantly reduce risks, particularly in investment banking, without the need for drastic structural changes.
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