Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

UBS capital requirements should be proportionate, minister says

by
December 1, 2024
in Stock
0
UBS capital requirements should be proportionate, minister says
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

ZURICH (Reuters) -Capital requirements set for UBS under new banking regulations should be “proportionate”, as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers, Finance Minister Karin Keller-Sutter said.

Swiss authorities are weighing up how to overhaul banking rules in a bid to prevent a repeat of the 2023 collapse of Credit Suisse, which led to its takeover by its old rival UBS.

In an interview broadcast on Sunday, Keller-Sutter said UBS was now a very large bank in relation to the size of the Swiss economy, creating a “special situation”.

“And so the appropriate protective and preventative measures must be taken; that means liquidity, that means equity capital,” she told national broadcaster SRF (NS:SRFL).

She acknowledged UBS already faced certain stricter capital requirements, including under Basel III rules effective from January that not all countries are implementing identically.

In April, Keller-Sutter said estimates that UBS would have to hold another $15 billion to $25 billion in capital under her government’s proposals were “plausible”.

Asked in the interview whether the $25 billion figure was still valid, Keller-Sutter said she could not say. In the end, what counted was the whole package of measures, she noted.

“This must be looked at in a proportionate, targeted way,” she said, arguing Switzerland must find a compromise between having a competitive financial sector and protecting taxpayers.

Addressing an upcoming parliamentary report into how authorities handled the Credit Suisse crisis, Keller-Sutter stressed that the main blame lay with the bank’s management.

Asked about the risk of incoming U.S. President Donald Trump imposing hefty trade tariffs on other countries, Keller-Sutter said it was too early to speculate.

“But of course if such tariffs did come about, it would be poison for world trade,” she said.

This post appeared first on investing.com
Previous Post

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.86%

Next Post

Disney’s ‘Moana 2’ sets Thanksgiving weekend box office record

Next Post
Disney’s ‘Moana 2’ sets Thanksgiving weekend box office record

Disney’s ‘Moana 2’ sets Thanksgiving weekend box office record

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025
Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 2, 2025

Recent News

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025
Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 2, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved