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UBS Capital Needs Could Rise by $25 Billion, Minister Tells Tagi.

Authors :
Doenecke, Paula
Source :
Bloomberg.com; 4/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

UBS Group AG may need to increase its regulatory capital requirements by $15 billion to $25 billion, according to Swiss Finance Minister Karin Keller-Sutter. These potential capital needs are a result of proposed reforms following the collapse of Credit Suisse. The Swiss Federal Council is suggesting that systemically-important Swiss banks should hold more capital against their foreign units and increase bank-specific capital levels to account for future risks. These proposals are part of a broader response to Switzerland's recent financial crisis. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176629242