Swiss National Bank Reaffirms Support for Stringent UBS Capital Requirements
SNB backs regulations requiring UBS to hold $24 billion extra capital.
Insights:
The Swiss National Bank continues to support banking regulation measures proposed for UBS Group AG by the Federal Council in June, the central bank's Vice Chairman Antoine Martinantoine martin said on Thursday. The measures, introduced following the 2023 collapse of Credit Suisse, could require to hold up to $24 billion in additional capital.
"We believe that these measures are appropriate and targeted," said Martin, whose role includes overseeing banking stability in Switzerland
CH. "We also believe that these measures are neither extreme nor excessive."
CH. "We also believe that these measures are neither extreme nor excessive."
