UBS criticises parliamentary decision backing stricter capital rules
23/09/2026 12:45
UBS criticises parliamentary decision backing stricter capital rules ZURICH, Sept 23 (Reuters) - UBS UBSG.S on Wednesday criticised a vote by the Swiss upper house of parliament in favour of new capital rules that would make the bank back its foreign units with 90% Common Equity Tier 1 (CET1) capital, calling the requirement excessive.
"This political outcome is not a compromise and fails to address the root causes of the Credit Suisse collapse," the bank said of the step, which is part of a set of measures being drawn up in response to the 2023 demise of Credit Suisse.
(Writing by Dave Graham, editing by John Revill)
((dave.graham@thomsonreuters.com; Reuters Messaging: dave.graham.thomsonreuters.com@reuters.net))
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