Swiss Upper House Backs 90% Compromise Plan on UBS Capital
Direct Source Verification:
This story is aggregated from Bloomberg (bloomberg.com). Full reporting rights and copyright belong to the primary publisher.
The upper house of Switzerland’s parliament backed a fresh compromise in the debate on UBS Group AG’s capital requirements. The plan foresees that the bank must back 90% of the value of its foreign units with the highest-quality capital, known as CET1. That’s less than the 100% b...
The upper house of Switzerland’s parliament backed a fresh compromise in the debate on UBS Group AG’s capital requirements. The plan foresees that the bank must back 90% of the value of its foreign units with the highest-quality capital, known as CET1. That’s less than the 100% backing the government has pushed for but a departure from a compromise involving heavy use of convertible debt which UBS favored. UBS has said it’s against the 90% solution. Bloomberg's Jan-Henrik Foerster reports from Zurich. (Source: Bloomberg)
Original Source
https://www.bloomberg.com/news/videos/2026-09-23/swiss-vote-backs-90-compromise-plan-on-ubs-capital-video
