Swiss National Bank says 90% capital plan for UBS a good outcome
UBS•SNB Vice Chairman Antoine Martin said backing UBS’s foreign units with 90% Common Equity Tier 1 capital is “a good amount,” though 100% would be better for financial stability.
1. SNB comments on capital plan
Antoine Martin said more CET1 capital backing for UBS’s foreign participations would be better from a financial stability perspective. He said 90% is a good amount, while 100% would be better.
2. Rules follow Credit Suisse collapse
Switzerland is developing new banking rules after Credit Suisse’s 2023 collapse and takeover by UBS. SNB Chairman Martin Schlegel said the proposed measures address regulatory weaknesses identified during the crisis and that the SNB has faith in the government and parliament to reach decisions in Switzerland’s interest.
