SNB Calls 90 Percent UBS Capital Plan Good
The Swiss National Bank views a ninety percent capital backing for UBS foreign units as a positive outcome for financial stability. Officials note the measures address regulatory weaknesses identified during the Credit Suisse crisis.
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Switzerland's central bank endorsed a 90% Common Equity Tier 1 capital backing requirement for foreign units at UBS GROUP AG-REG during Thursday morning remarks. The regulatory proposal follows the upper house of parliament's debate on sweeping banking reforms. The measures aim to fortify the domestic financial system following the 2023 collapse of Credit Suisse.
