UBS May Gain as Swiss Capital Bill Starts in Upper House
Swiss lawmakers say UBS may benefit as capital rules head to the upper house first. The bill seeks to raise capital backing for foreign units to 100 percent.
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The financial giant UBS Group AG may have gained a tactical edge in its ongoing dispute with the government of Switzerland regarding proposed increases to capital requirements. Recent parliamentary filings reveal that the government's bill has been assigned to the upper house first, a move that lawmakers suggest could lead to a more moderate version of the legislation compared to the likely outcome in the lower chamber.
