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UBS's capital adequacy must be significantly enhanced to mitigate the risks of a potential liquidation, as current resolution plans are deemed unreliable. Despite proposals for increased leverage ratios and surcharges to curb growth, UBS argues that its bail-in bonds would protect stakeholders during a crisis, though doubts persist about the feasibility of resolving such a complex institution without state intervention. The Federal Council's report highlights the uncertainties surrounding UBS's resolution, suggesting that a state rescue may be the only viable option to maintain Switzerland's status as a global financial center.
Martin Schlegel takes over as chairman of the Swiss National Bank amid scrutiny over its handling of the Credit Suisse crisis. With a parliamentary investigation pending, Schlegel aims to maintain a focus on price stability while addressing regulatory reforms for UBS. Analysts expect continuity in monetary policy from Schlegel, who has defended the SNB's actions during the turmoil.
Paul Tucker
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strengthening capital adequacy for UBS amid global financial stability concerns
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06:30 03.12.2024
new swiss central bank chief faces scrutiny after credit suisse collapse
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09:00 30.09.2024
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