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UBS has expressed concerns over potential stricter capital requirements in Switzerland, warning that such measures could undermine its competitiveness and threaten its business model. Compliance chief Markus Ronner highlighted that the bank already holds significant capital due to the Credit Suisse acquisition and faces additional costs that could impact profitability. The Swiss government plans to introduce new regulations to mitigate the risk of future banking crises, pending parliamentary approval.
The Swiss Financial Market Supervisory Authority, Finma, has mandated UBS to revise its resolution planning following insights from the Credit Suisse crisis. The current strategy, which only allows for business continuation through reorganization, is deemed insufficient. Consequently, Finma has suspended the annual assessment of UBS's stabilization and emergency plans for 2024.
Olaf Brenner
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs warns stricter capital rules could undermine competitiveness and strategy
United States Dollar
Swiss Franc
Credit Suisse High Yield Bond Fund, Inc.
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Markus Ronner
Karin Keller-Sutter
Olaf Brenner
Oliver Hirt
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08:04 06.02.2025
finma requires ubs to enhance emergency planning and resolution strategy
09:15 15.10.2024
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