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Switzerland Eases New Capital Requirements on UBS (UBS.US)
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Switzerland announced on Wednesday that it would ease proposed capital rules for UBS Group (UBS.US), but said the bank would still need to add approximately USD20 billion in additional buffers to prevent a recurrence of the issues that led to the collapse of Credit Suisse. The Swiss Federal Council stated that excluding intangible assets would make UBS appear overly exceptional internationally. Software will need to be partially deducted, but must comply with rules already observed by EU-regulated banks. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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