The finance minister says that capital requirements will slow the growth of the company
UBS faces increase in regulatory capital requirements that could reach $15 billion to $25 billion. Reforms proposed in the wake of the collapse of Credit Suisse are proposed in Switzerland. UBS Group AG faces an increase in capital requirements to reach up to $20 billion, finance minister says.
UBS added capital needs of $15-25 billion are realistic, finance minister says. UBS said last week it would face more stringent capital requirements in future. Swiss government last week set out proposals to tighten regulation for banks deemed "too big to fail" UBS says it will need $15 billion to $25 billion in new capital requirements.
Switzerland's largest bank will have to hold more capital if the regulatory package is implemented, Karin Keller-Sutter told Aargauer Zeitung. The government announced the plan on Wednesday to prevent a repeat of the collapse of Credit Suisse. UBS is Switzerland's biggest bank.