Send
Print
Ank Kumar
She added that UBS might need to set aside an additional $15 billion to $25 billion in capital, calling that number "plausible."
The Swiss Federal Council revealed plans to increase capital requirements for the nation's systemically important banks earlier in April. The authorities specifically wish to raise the reserve requirements for banking firms that have international subsidiaries.
The ideas were a response from the Swiss government to the circumstances surrounding Credit Suisse, which had significant issues in 2023 and was acquired by its competitor, UBS.
Investors were persuaded by the Swiss Central Bank that Credit Suisse had more than enough capital prior to the bank's collapse in March 2023. But the central bank questioned the quality of the assets that made up Credit Suisse's Tier 1 capital in a report that was released a year later.
source: tagesanzeiger.ch
The Swiss Federal Council revealed plans to increase capital requirements for the nation's systemically important banks earlier in April. The authorities specifically wish to raise the reserve requirements for banking firms that have international subsidiaries.
The ideas were a response from the Swiss government to the circumstances surrounding Credit Suisse, which had significant issues in 2023 and was acquired by its competitor, UBS.
Investors were persuaded by the Swiss Central Bank that Credit Suisse had more than enough capital prior to the bank's collapse in March 2023. But the central bank questioned the quality of the assets that made up Credit Suisse's Tier 1 capital in a report that was released a year later.
source: tagesanzeiger.ch
