Swiss upper house rejects government's UBS capital overhaul, backs 90% CET1 backing for foreign units

The Swiss upper house of parliament rejected the government's proposal to overhaul UBS capital rules and voted in favour of a banking proposal requiring UBS to back its foreign units with 90% CET1 capital. The Swiss finance ministry endorsed the 90% CET1 proposal.

Detected & updated continuously · Source: Nebula