UBS Chairman Calls AT1 Capital Proposal Acceptable
UBS Chairman Colm Kelleher stated that a Swiss parliamentary committee proposal allowing the bank to use AT1 bonds for capital requirements is an acceptable compromise.
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UBS Group AG chairman Colm Kelleher said Thursday evening that a parliamentary proposal on Additional Tier 1 capital is an acceptable compromise. The bank can live with the terms under new banking rules. The regulatory adjustment addresses capital requirements set following industry shifts in Switzerland.
