Business · Companies · 4 hrs ago

Opinion warns tougher UBS capital rules could prompt it to leave Switzerland

Opinion warns tougher UBS capital rules could prompt it to leave Switzerland

Switzerland is debating whether UBS should hold more capital, meaning funds to absorb losses.

A Swiss legal scholar argues that tougher requirements could push the bank to leave the country.

The debate has been sharpened by the collapse of Credit Suisse.

The Swiss government urged UBS to buy Credit Suisse during the crisis.

The writer says that nationalising Credit Suisse was possible and had been considered, and argues that this would have made concerns about UBS’s size less pressing.

The piece gives no details about any decision on capital rules or what UBS might do next.

Sources

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