World & BusinessSwiss business groups reportedly press parliament over UBS capital rules before vote
Reuters reports that Swiss business groups wrote to lawmakers to lobby against tougher UBS capital rules, warning that regulation drawn up after Credit Suisse’s 2023 collapse risks being “excessive.”
TLDR
Swiss business groups are pressing parliament over tougher capital rules for UBS ahead of a vote, Reuters reports. The groups wrote to lawmakers opposing what they say risks being “excessive” regulation, drawn up for the bank after Credit Suisse collapsed in 2023.
Swiss business groups reportedly press parliament over UBS capital rules before vote
Reuters reports that Swiss business groups wrote to lawmakers to lobby against tougher UBS capital rules, warning that regulation drawn up after Credit Suisse’s 2023 collapse risks being “excessive.”
