In addition,
Swiss parliamentary committee supports motion:
A Swiss parliamentary committee adopted a motion on Tuesday which could postpone the application of new stricter banking rules targeting UBS. Consequently, potentially offering the bank an additional time to bring about around $ 3 billion in additional capital.
On June 6. In addition, the Swiss government presented a highly anticipated plan to tighten banking regulations in the country, following the collapse of Credit Suisse in 2023 and its acquisition by its UBS rival.
The motion. narrowly adopted by the Commission of the Economy and Recolutions, asks the Swiss government to submit all of its measures provided for banking stability in the Parliament, rather than applying some directly by order.
In order for the motion to become binding, it must still be adopted by the two chambers of the Parliament.
Among the measures provided for by order were stricter provisions concerning swiss parliamentary committee supports motion the valuation of assets such as software. delayed tax assets, which were expected for 2027.
These could now follow the classic legislative path, which would refer into force at the earliest to 2028.
Overall. the government has indicated that UBS should bring together up to 26 billion dollars in additional basic capital as part of these measures. He believes that the measures under the ordinance could represent approximately 3 billion of this total.
The collapse of Credit Suisse has deeply marked Switzerland. pushing the government to promote a recasting of banking regulations in order to prevent such a crisis from happening again.
UBS is very critical of these new proposals. believing that they are not proportionate and may place the bank in an unfavorable position in the face of its international competitors.
swiss parliamentary committee supports motion — Swiss parliamentary committee supports motion: A Swiss parliamentary committee adopted a motion swiss parliamentary committee supports motion on Tuesday which could postpone the application of new stricter banking rules targeting UBS. potentially offering the bank an additional time to bring about around $ 3 billion in addit.
Swiss parliamentary committee supports motion
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