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Commerzbank's supervisory board established a special committee to evaluate UniCredit's increasing stake in the German bank, meeting five times in 2024. The committee, led by chairman Jens Weidmann, examined the implications of UniCredit's investment and discussed the bank's communications strategy and market developments.
UBS is negotiating with regulators to limit its investment bank's size and increase capital reserves to avoid stricter regulations following the Credit Suisse collapse. The bank may cap its investment banking division at 30% of total business and is considering adding $5 billion in capital, though it faces demands for much more. UBS executives warn that excessive capital requirements could harm its competitiveness and potentially lead to a relocation of its headquarters, despite reassurances from lawmakers that extreme regulations will not be imposed.
UBS is proposing to limit the size of its investment bank and increase capital reserves to mitigate regulatory pressures following its acquisition of Credit Suisse. The bank may add $5 billion in capital, but this falls short of the $40 billion regulators might require. UBS is also considering capping its investment banking division at 30% of its total business to address concerns over financial stability while maintaining its headquarters in Switzerland.
UBS is negotiating with regulators to limit its investment bank's size and increase capital requirements following the Credit Suisse acquisition. The bank aims to avoid raising over $40 billion in additional capital, proposing to cap its investment banking division at 30% of total business. While UBS is prepared to strengthen its capital, it seeks to prevent excessive demands that could threaten its competitiveness and lead to a potential relocation of its headquarters.
Swiss National Bank Vice Chairman Antoine Martin stated that UBS should fully capitalise its foreign units to ensure financial stability, amid ongoing discussions about new capital requirements following the Credit Suisse collapse. UBS argues it already has sufficient capital, and stricter rules could hinder its operations and Switzerland's status as a financial hub. The Swiss government is expected to propose new regulations in May, potentially requiring UBS to set aside more capital for its foreign subsidiaries.
Switzerland's parliamentary report on the Credit Suisse collapse outlines 30 recommendations to prevent future crises, emphasizing the need for stricter regulations on systemically important banks like UBS. Key proposals include limiting executive bonuses during downturns, enhancing FINMA's powers, and establishing a public liquidity backstop to stabilize the financial system. The report also highlights the importance of improved information sharing among key officials during crises.
Tomasz Janowski
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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