Business and Finance
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UBS capital requirements should be proportionate, minister says
- Capital requirements set for UBS under new banking regulations should be "proportionate", as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers,
The article from Reuters discusses comments made by Swiss Finance Minister Karin Keller-Sutter regarding the capital requirements for UBS, Switzerland's largest bank, following its acquisition of Credit Suisse. Keller-Sutter emphasized that any increase in capital requirements for UBS should be proportionate and not overly burdensome, as the bank is crucial to the Swiss economy. She highlighted the need for a balanced approach to ensure financial stability without stifling economic growth. The minister also mentioned ongoing discussions with international regulators to align Switzerland's banking regulations with global standards, particularly in light of the systemic importance of UBS post-merger. This comes in the context of broader regulatory scrutiny and the need to manage risks associated with having a bank that is "too big to fail."
Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/ubs-capital-requirements-should-be-proportionate-minister-says-2024-12-01/ ]
Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/ubs-capital-requirements-should-be-proportionate-minister-says-2024-12-01/ ]
Contributing Sources