Swiss Groups Lobby Against UBS Capital Rules
Major Swiss business associations are urging lawmakers to reject stringent capital requirements for UBS ahead of a crucial parliamentary vote. The groups warn that excessive regulation could increase financing costs and reduce credit supply for local companies.
Xurve View
Insights:
Xurve View
UBS GROUP AG-REG faces pressure as top business lobbies in Switzerland urged lawmakers on Monday morning to reject stringent capital rules. The lobbying effort comes ahead of an upper house vote on September 23 regarding post-crisis banking reforms.
