Swiss National Bank says 90% CET1 backing for UBS a good outcome
24/09/2026 09:32
Swiss National Bank says 90% CET1 backing for UBS a good outcome BERN, Sept 24 (Reuters) - A 90% Common Equity Tier 1 backing for UBS's UBSG.S foreign units is a good amount, SNB Vice Chairman Antoine Martin said on Thursday, a day after Switzerland's upper house of parliament voted on new banking regulations.
More backing of foreign participations with CET1 capital is better from a financial stability perspective, Martin added, reiterating the central bank's previous position.
Full backing with 100% CET1 capital would have been even better, Martin said.
(Reporting by Ariane Luthi, editing by John Revill)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))
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