Switzerland maintains schedule for global bank capital rules despite US disagreements, potentially disadvantaging UBS Group AG.
Switzerland will adhere to its schedule for implementing global bank capital rules, despite ongoing disagreements over the standards in the US. This decision could put the country's largest lender, UBS Group AG, at a competitive disadvantage. Swiss Federal Council has noted recent developments and believes there's no need to deviate from its existing timetable, with the changes set to take effect on January 1st.
June 26, 2024
3 Articles