fintech / news / / Reuters
UBS said it strongly disagrees with the Swiss government's plans to overhaul banking regulation.
UBS opposes Swiss government’s planned banking regulation overhaul, calling it extreme and misaligned internationally.
KEY POINTS
- The Swiss government dropped full equity backing for deferred tax assets, allowing a three-year software amortisation instead.
- New regulations will reduce UBS Group's net CET1 capital by approximately $4 billion once implemented.
- UBS estimates the CET1 capital ratio would decrease by around 0.8 percentage points under the new rules.
- The revised provisions will be enforced starting January 2027 through government ordinances.
COMPANIES
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