Swiss upper house backs 90% CET1 capital backing for UBS foreign units

UBS AG

23/09/2026 08:08

ZURICH, Sept 23 (Reuters) - In a blow to UBSUBSG.S, Switzerland's upper house of parliament on Wednesday voted in favour of capital rules that would require the bank to back its foreign units with 90% Common Equity Tier 1 capital.
Following the decision in the first of two chambers, the capital rules bill will move to the lower house of parliament, with a final decision expected at the end of this year at the earliest, and more likely in 2027.

 (Reporting by Ariane Luthi
Editing by Dave Graham)
 ((Ariane.Luthi@thomsonreuters.com;))