fintech / news / / Swissinfo (EN)
Swiss finance minister Karin Keller-Sutter complains of UBS bank putting parliamentarians under pressure.
Swiss finance minister accused UBS of exerting unusual pressure on parliament ahead of a regulation vote.
KEY POINTS
- The Swiss government proposes UBS must boost its Tier 1 capital by $20 billion.
- The regulation targets full book value coverage of foreign subsidiaries with hard core capital.
- UBS and allied cantonal and business groups describe these capital requirements as disproportionate.
COMPANIES
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