Reported 1 day ago
The head of the Basel Committee on Banking Supervision has stated that Switzerland’s capital regulations do not unduly penalize UBS compared to other international banks, despite UBS's concerns over new government proposals to raise capital requirements. Neil Esho emphasized that the flexibility allowed in Swiss rules for capital contributions, including subsidiary capital, mitigates potential disadvantages. While UBS argues that stricter regulations could harm its competitiveness, Esho maintains that the quality of capital matters more than quantity in assessing resilience.
Source: YAHOO