TREE NEWS update: Some Swiss upper-house lawmakers want the government, not parliament, to decide on new capital requirements for UBS Group AG. The executive branch is pushing to require UBS to fully back its foreign subsidiaries with domestic capital, a measure UBS calls “extreme” and says would make it uncompetitive. Lawmakers will decide Thursday how to proceed, when the upper house debates the new rules and considers a motion to send the bill back to the Federal Council.
Swiss Lawmakers Seek to Give Government Say Over UBS Capital Rules
This is less about UBS's balance sheet than about who gets to set the rules. Delegating capital requirements to the executive would let the government move faster and harder on a bank whose failure would be a national problem, while parliament keeps its hands off the politically costly details. The conflict is structural: a globally active lender arguing that domestic-only backing is a competitive handicap, against a state that has already lived through a rescue. Thursday's procedural vote matters less than the precedent—whether supervisory stringency becomes an executive prerogative in Switzerland.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.