Swiss Urges Looser UBS Rules

After the collapse of Credit Suisse Bank in 2023, Swiss business groups are pressuring legislators to relax the proposed capital rules for UBS, fearing that strict regulations could raise borrowing costs and reduce the volume of credit directed toward small and medium-sized enterprises. Estimates indicate that imposing more stringent rules could require UBS to increase its capital by nearly $20 billion, potentially harming competition and impacting the broader economy. Legislators are discussing various options to fund UBS's overseas units, with the bank favoring an intermediate approach that involves supporting 50% of core capital with AT1 bonds, in order to maintain financial stability without harming the bank's competitiveness or its ability to finance companies.

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