UBS says Swiss upper house vote risks excessive tightening of bank capital rules

UBS said the decision ignored consultation feedback from business groups, employee associations, most cantons, and UBS shareholders’ support for the takeover.

The bank said it will defend its long-term interests during the remaining parliamentary process, pressing for proportionate, internationally aligned rules.

UBS warned a Swiss upper house decision on banking regulation would further tighten Swiss capital requirements, already among the world’s strictest.

It called the outcome excessive, not a compromise, citing failure to address root causes of the Credit Suisse collapse.