UBS executives express concerns over increased Swiss capital requirements following Credit Suisse collapse.
UBS executives have voiced "serious concerns" over the Swiss government's plans to hit the bank with tougher capital requirements following the Credit Suisse collapse. The Swiss government is considering plans to strengthen capital requirements for systemically significant banks in the country. UBS Chairman Colm Kelleher said the bank's finances are robust and warned that the proposal could harm Switzerland's standing as a global financial center.
April 24, 2024
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