Swiss Senate Committee Backs Capital Compromise for UBS Overseas Subsidiary
UBS UBS Group AG
$55.72 +1.49%
View chart & analysis → - 1The Swiss Senate's economics and tax committee has proposed that only 50% of UBS's overseas subsidiary capital be covered by CET1.
- 2The remaining 50% would be allowed to use AT1, a relaxation from the 100% CET1 requirement sought by the federal government.
- 3Swiss authorities demand roughly $20 billion in additional CET1 following the Credit Suisse rescue, but UBS argues this is excessive.
This 3-line summary is compiled from the report below.
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