Swiss Finance Minister and UBS CEO clash over regulations

Switzerland has raised the discussion regarding capital requirements for UBS Bank following its acquisition of Credit Suisse, through a proposed plan that calls for boosting capital by up to 100% of the bank's equity capital for its foreign branches. The aim is to protect taxpayers and ensure the sustainability of financial growth. However, the CEO of UBS opposes the new proposals, warning of their negative impact on the bank’s ability to compete globally, and fears they may reduce the bank’s capacity to meet capital requirements without compromising the continuity of its operations. Meanwhile, the Swiss government defends legislation focused on protecting the National Emergency Fund and covering losses through the bank's capital, with a final decision possibly delayed until 2027.

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