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Swiss Minister and UBS CEO Clash Over Capital Rules

Swiss Finance Minister Karin Keller-Sutter and UBS CEO Sergio Ermotti defended opposing views on capital rules ahead of a parliamentary vote. Keller-Sutter argued 100 percent backing protects taxpayers, while Ermotti warned it harms competitiveness.

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FILE PHOTO: Swiss Federal Councillor and finance minister Karin Keller-Sutter attends a press conference on Swiss banks' capital requirements in Bern, Switzerland, April 22, 2026.

Swiss Finance Minister Karin Keller-Sutter and UBS GROUP AG-REG CEO Sergio Ermotti clashed during Tuesday afternoon appeals over stringent new capital requirements in Switzerland. The debate precedes a crucial parliamentary vote scheduled for Wednesday.
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