Swiss lawmakers consider softer banking capital rule for UBS
Swiss lawmakers are expected to send a softened banking reform proposal to the upper house, addressing how much capital UBS must hold after its 2023 takeover of Credit Suisse. The government initially sought about $20B in additional CET1, including a higher backstop for foreign subsidiaries. The new threshold would be lower, potentially leaving UBS with smaller capital costs, with further debate likely in the lower house.