Swiss Finance Minister says 100% hard capital backing for UBS best way to protect taxpayers
22/09/2026 16:20
Swiss Finance Minister says 100% hard capital backing for UBS best way to protect taxpayers ZURICH, Sept 22 (Reuters) - Swiss Finance Minister Karin Keller-Sutter on Tuesday defended her proposal for UBS UBSG.S to back its foreign subsidiaries with 100% Common Equity Tier One (CET-1) capital, saying it was the best way to protect taxpayers in a crisis.
The proposal, which has won backing from the Swiss National Bank, would make shareholders rather than taxpayer liable for losses, she told an event in Zurich.
The measure, which UBS opposes, is due to be debated in the upper house of parliament on Wednesday.
(Reporting by Ariane Luthi, writing by John Revill)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))
Recent news on UBS AG
See all newsDeals of the day-Mergers and acquisitions
UBS acquires 4.8% stake in Indian wealth manager 360 One Wam (updated)
Brief: UBS Acquires Approx 4.8% Equity Stake In 360 One Wam Upon Conversion Of Warrants
UBS acquires 4.8% stake in India's 360 ONE WAM after warrant conversion
Media: New UBS investment bankers see smaller pay gain on promotion - Bloomberg News