UBS 2026 Pillar 3 report flags potential USD 33 billion incremental CET1 capital requirement
UBS•UBS said a Swiss capital proposal could bring incremental CET1 capital requirements since the Credit Suisse acquisition to USD 33 billion. Existing regulations require UBS AG to hold around USD 15 billion in additional CET1 capital, while third-quarter share repurchases totaled USD 1.81 billion.
1. Potential capital requirements
UBS Group’s September 30, 2026 Pillar 3 report highlights a Swiss proposal requiring 90% deductions for foreign participations from CET1 capital. If enacted as supported by the Council of States, incremental CET1 capital requirements since the Credit Suisse acquisition would reach USD 33 billion; existing regulations already require UBS AG to hold around USD 15 billion in additional CET1 capital following the acquisition.
2. Share repurchases
Third-quarter share repurchases totaled USD 1.81 billion. Further buybacks remain subject to maintaining a CET1 capital ratio around 14%.
