New capital requirements for Swiss banks will slow growth at UBS, says finance minister
ZURICH - The Swiss government's proposed tougher capital requirements for the banking industry will impact UBS's ability to grow, the country's finance minister said in an interview published on Saturday.
The government aims to put the measures into effect quickly and present two packages for implementation in the first half of 2025. "If we adjust this regulation now, it will have consequences for the growth and size of UBS," she said. According to an analyst estimate UBS might need to retain $10 billion to $15 billion in excess capital, compared to what it currently holds.
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