Reported about 22 hours ago
Switzerland's financial regulator, Finma, has expressed openness to implementing higher capital requirements for UBS Group AG gradually over several years. This approach aims to mitigate the immediate impact of the changes that UBS has opposed. While UBS has voiced concerns about potential competitiveness issues stemming from these requirements, regulators emphasize the need for proper capital backing for foreign units to prevent future crises, especially after the Credit Suisse collapse.
Source: YAHOO