Home / Business and Economy / Swiss Parliament Delays UBS Banking Rule Vote
Swiss Parliament Delays UBS Banking Rule Vote
17 Sep
Summary
- Swiss upper house postponed a vote on new banking rules for UBS.
- New rules aim to protect taxpayers after Credit Suisse collapse.
- UBS criticizes proposed capital demands as excessive.
Switzerland's upper house of parliament postponed a vote on new banking regulations for UBS until next week. This decision follows extensive debate on the proposed legislation, which is a direct response to the 2026 collapse of Credit Suisse and its subsequent acquisition by UBS.
The Swiss government is advocating for stricter banking laws to shield taxpayers from potential future financial crises. The proposed overhaul includes a significant increase in capital requirements for UBS, demanding an additional $20 billion in Common Equity Tier 1 capital.
UBS has expressed strong opposition to these measures, deeming them excessive and detrimental to its international standing. The core of the proposed capital demands involves UBS fully backing its foreign units with CET1. However, a recent compromise suggests allowing $13 billion in Additional Tier 1 capital as an alternative.
