Reported about 14 hours ago
UBS Group AG is likely to experience a defeat in its quest to dilute a Swiss government law requiring it to hold up to $25 billion in extra capital. The proposed legislation would mandate UBS to fully cover losses at its foreign subsidiaries, a significant increase from the current requirement. Despite efforts by UBS executives to contest these higher capital demands, the law seems poised for a lengthy legislative process, with potential implementation as late as 2029, affecting the bank's investor returns and business operations.
Source: YAHOO