Swiss parliament panel backs compromise allowing UBS to meet 50% of new capital requirements with debt
A key panel of the Swiss parliament backed a compromise proposal on UBS capital requirements allowing the bank to meet 50% of the new amount with debt, a softer outcome than the finance minister's original plan. Swiss Finance Minister Karin Keller-Sutter blasted the move as an unwarranted boon to the lender.
Detected & updated continuously · Source: Nebula
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A key panel of the Swiss parliament backed a compromise proposal on UBS' capital requirements that would allow them to meet 50% of the new amount with debt https://t.co/xZz8LZHhAj
@FT
Swiss lawmakers call for softer regulation in victory for UBS https://t.co/mgLgLhN0iU
@business
Swiss Finance Minister Karin Keller-Sutter blasted a plan by lawmakers to water down her effort to impose substantial new capital requirements on UBS, saying it’s an unwarranted boon to the lender https://t.co/xVS201TfKi