In response to the collapse of Credit Suisse, the Swiss government has proposed a series of banking reforms aimed at strengthening the financial sector. These reforms include a substantial increase in capital requirements for UBS, Switzerland's only remaining global bank, to improve its capital base and resolvability, in the wake of the Credit Suisse rescue. The government's proposals also entail ad hoc capital surcharges reflecting wider risks, targeted measures for systemically important banks, specifically UBS, and a review of liquidity requirements. Despite these efforts, the government stopped short of granting the country's banking watchdog the power to fine lenders, a measure that had widespread support. Following the announcement of these reforms, UBS shares fell by 4.1%. The Swiss Finance Minister emphasized the need for banks to hold more capital, especially more complex ones, and for mismanagement to be held accountable. The Swiss Federal Council released a proposal on banking reform, including 22 measures to strengthen the 'Too Big To Fail' regime, aiming to reduce the risk to the economy, state, and taxpayers.
Global watchdog welcomes reform proposals for Swiss banking https://t.co/pZhziGdcVO https://t.co/ICEfFCKMnG
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants https://t.co/8DIjew2YYA
With a balance sheet now twice the size of Switzerland’s economy, UBS stoked nervousness among officials who hit it with new capital demands, writes @PaulJDavies https://t.co/GvQXCQo4IG via @opinion
The Swiss government said Wednesday that it plans to beef up rules for its largest domestic lenders, including giving its financial watchdog an expanded toolkit after the near-collapse of Credit Suisse revealed holes in the current regime. https://t.co/8rtHjEBBFy
With a balance sheet now twice the size of Switzerland’s economy, UBS stoked nervousness among officials who hit it with new capital demands, writes @PaulJDavies https://t.co/bbvCLiXLV0 via @opinion #Switzerland
UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the ‘monster bank’ in line that were light on detail and heralded a tortuous political process to enshrine them in law https://t.co/Kede1BX4ry
UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the ‘monster bank’ in line that were light on detail and heralded a tortuous political process to enshrine them in law. More here: https://t.co/roLqeAI6qF
With a balance sheet now twice the size of Switzerland’s economy, UBS stoked nervousness among officials who hit it with new capital demands, writes @PaulJDavies https://t.co/x15djX98Ry
Swiss banking plan leaves 'relieved' UBS out of immediate firing line https://t.co/Py1xl49ofo https://t.co/zHGY7GyUF4
⚠️ ANALYSIS-SWISS BANKING PLAN LEAVES 'RELIEVED' UBS OUT OF IMMEDIATE FIRING LINE Full Story → https://t.co/wJ9L6UVX4Q UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light…
Switzerland lays out new ‘too big to fail’ rules in wake of Credit Suisse banking turmoil https://t.co/dfi0axQEvU https://t.co/Yrc3mda1ZC
The Swiss government Wednesday announced steps to bolster its "too big to fail" rules aimed at avoiding potentially disastrous fallout from banking sector turmoil after woes last year at Credit Suisse before it was taken over by rival UBS. https://t.co/wKWUZc3WIZ
Swiss too-big-to-fail rules are too timid to work - @ - https://t.co/XLPnH9T3Gs https://t.co/hrmphpsFJO
Swiss call for change to 'unrealistic' bank liquidity rules https://t.co/YL1mjoxMKn https://t.co/9ZxMJN9OmU
UBS faces tougher rules in Swiss response to Credit Suisse rescue https://t.co/mNyyVRsJOh https://t.co/Q4t2ToaJ20
Swiss minister criticises big bank bonuses as UBS set for stricter rules https://t.co/WM2BDfjHHI https://t.co/IG5SpgQuzB
Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse’s near-collapse last year https://t.co/qLs3n9YuN9
Swiss government backs tougher rules for banks, causing UBS shares to drop https://t.co/m2Gkvv72MI
Switzerland stops short of giving its regulator the power to fine banks https://t.co/INqpwppNOv via @bbenrath @aspeciale https://t.co/AinhjCxTec
The Swiss government stopped short of offering the country’s banking watchdog the power to fine lenders, despite widespread support for the measure https://t.co/bP8ByeeTjD via @markets @aspeciale @bbenrath #Switzerland
UBS faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse https://t.co/Rxb1bpsgVj via @markets @bbenrath @myriamBalez #Switzerland
The Swiss government stopped short of offering the country’s banking watchdog the power to fine lenders, despite widespread support for the measure https://t.co/M4cW8wLyn0
Swiss plans to make banks safer after Credit Suisse collapse https://t.co/x1wDJA1csZ https://t.co/jHxpDTCUtX
$UBS (-4.1% pre) UBS Faces Substantially Higher Capital Rules Under Swiss Proposals - BBG https://t.co/hPEip1M0YO
News Alert | Swiss Federal Council: Release proposal on banking reform https://t.co/3qzLujzJp3
Global News | UBS faces increased capital requirement under Swiss Bank reform: Agencies #US #SwissBank https://t.co/hkJmjPkJP5
UBS to face tougher rules in Swiss response to Credit Suisse rescue https://t.co/aJuKUkaJdI https://t.co/j0ukGFhliO
UBS faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse https://t.co/TuBwyhCKAf via @markets
UBS faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse https://t.co/kHK50tzBeJ
⚠️ FACTBOX-SWISS PLANS TO MAKE BANKS SAFER AFTER CREDIT SUISSE COLLAPSE Full Story → https://t.co/gGoZoFmI9x Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year's Credit…
⚠️ UBS TO FACE TOUGHER RULES IN SWISS RESPONSE TO CREDIT SUISSE RESCUE Full Story → https://t.co/YtDMQqrfaj Switzerland's government said on Wednesday that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider… https://t.co/1YJt8DOPXD
SWISS FINANCE MINISTER: THE MORE COMPLEX A BANK IS, IT SHOULD HOLD MORE CAPITAL || SAYS BANKS SHOULD HAVE INCENTIVES TO AVOID RISKS
SWISS FINANCE MINISTER: THE MORE COMPLEX A BANK IS, IT SHOULD HOLD MORE CAPITAL || SAYS BANKS SHOULD HAVE INCENTIVES TO AVOID RISKS SWISS FINANCE MINISTER SAYS WHOEVER IS RESPONSIBLE FOR MISMANAGEMENT MUST BE HELD TO ACCOUNT
SWISS FINANCE MINISTER SAYS WHOEVER IS RESPONSIBLE FOR MISMANAGEMENT MUST BE HELD TO ACCOUNT
SWISS FINANCE MINISTER SAYS THE GOVERNMENT WANTS TO PROTECT TAX PAYERS AND THE ECONOMY
SWISS GOVT: UBS IS THE ONLY REMAINING GLOBAL BANK IN OUR COUNTRY, SHOULD IT FAIL IN SIMILAR SITUATION TO CREDIT SUISSE, A RESCUE NOT AVAILABLE
SWISS GOVT: PROPOSES AD HOC CAPITAL SURCHARGES TO REFLECT WIDER RISKS INC. GOVERNANCE, PROFITABILITY || SWISS GOVT: REJECTS PUTTING INTO LAW OPTION FOR TEMPORARY PUBLIC OWNERSHIP OF A BANK IN CRISIS || SWISS GOVT: BONUSES SHOULDN'T BE LIMITED OR BANNED || SWISS GOVT: SCIENTIFIC…
SWISS GOVT: BLANKET INCREASE IN CAPITAL REQUIREMENTS NOT VERY EFFICIENT || SWISS GOVT: CAPITAL SURCHARGES SHOULD BE DETERMINED BY STRESS TESTS || SWISS GOVT: PARENT BANKS CAPITALISATION SHOULD BE STRENGTHENED || SWISS GOVT: LIQUIDITY REQUIREMENTS SHOULD BE REVIEWED…
SWISS GOVT: PROPOSES STRENGTHENING CAPITAL REQUIREMENTS FOR FOREIGN SUBSIDIARIES, THUS FOR PARENT BANKS, WITHIN A FINANCIAL GROUP || SWISS GOVT: PROPOSES STRENGTHENING RISK BEARING FUNCTION OF ADDITIONAL TIER 1 INSTRUMENTS BY BANNING COUPON PAYOUTS/BUYBACKS IN CASE OF LOSSES,…
SWISS GOVT: REGARDING IMPLEMENTATION OF PROPOSALS, CABINET WILL CONSIDER FINDINGS OF THE PARLIAMENTARY INVESTIGATION INTO CREDIT SUISSE CRASH || SWISS GOVT: IN A FIRST STEP, AMENDMENTS TO ORDINANCES ARE TO BE MADE, CAN BE APPROVED BY CABINET || SWISS GOVT: SECOND STAGE WILL SEE…
SWISS GOVT: CRISIS ORGANISATION AND THE COOPERATION BETWEEN AUTHORITIES SHOULD ALSO BE STRENGTHENED AND MORE CLEARLY DEFINED || SWISS GOVT: THERE SHOULD BE A TARGETED INTRODUCTION OF THE PROPOSED MEASURES FOR SYSTEMICALLY IMPORTANT BANKS, AND IN PART SPECIFICALLY FOR UBS
SWISS GOVT: THE RESOLVABILITY OF A SYSTEMICALLY IMPORTANT BANK AS A CREDIBLE OPTION SHOULD BE ENSURED || SWISS GOVT: LOOKING AT POTENTIAL CLAW BACK OF BANKER BONUSES || SWISS GOVT: PUBLIC LIQUIDITY BACKSTOP SHOULD BECOME PART OF ORDINARY SWISS LAW || SWISS GOVT: RESOLUTION…
UBS SHARES DOWN 0.79% FOLLOWING RELEASE OF SWITZERLAND'S 'TOO BIG TO FAIL' REPORT
SWISS GOVT: GOV'T ASSESSMENT REVEALED GAPS IN THE EXISTING REGIME || SWISS GOVT: SEVEN OTHER MEASURES ARE TO BE EXAMINED IN GREATER DEPTH || SWISS GOVT: PROPOSALS SHOULD SIGNIFICANTLY REDUCE LIKELIHOOD THAT ANOTHER SYSTEMICALLY IMPORTANT BANK IN SWITZERLAND WILL EXPERIENCE A…
SWISS GOVT: COMPREHENSIVE REVIEW OF THE CREDIT SUISSE CRISIS HAS REVEALED THAT THE EXISTING TOO-BIG-TO-FAIL REGIME MUST BE DEVELOPED FURTHER AND STRENGTHENED || SWISS GOVT: CABINET IS PROPOSING A BROAD PACKAGE OF MEASURES TO REDUCE RISK TO THE ECONOMY, STATE AND TAXPAYER
SWISS GOVT: LOOKING AT STRONGER POWERS FOR MARKET REGULATOR, INCLUDING SENIOR MANAGERS REGIME, BONUS RULES AND POTENTIAL FINES || SWISS GOVT: POTENTIAL FOR LIQUIDITY PROVISION BY THE SWISS NATIONAL BANK SHOULD BE SIGNIFICANTLY EXPANDED
SWISS GOVT: PROPOSALS SHOULD STRENGTHEN CAPITAL BASE AND IMPROVE RESOLVABILITY OF BANKS || SWISS GOVT: LIKELY INCREASE IN UBS CAPITAL REQUIREMENTS WILL BE "SUBSTANTIAL", WITHOUT GIVING FURTHER DETAILS || SWISS GOVT: IT IS DIFFICULT TO REACH A FINAL JUDGEMENT ON THE EXACT IMPACT…
SWISS GOVT PROPOSES A PACKAGE OF 22 MEASURES TO STRENGTHEN TOO BIG TO FAIL REGIME FOR FINANCIAL SECTOR || SWISS GOV'T: QUANTITATIVE AND QUALITATIVE CAPITAL REQUIREMENTS FOR SYSTEMICALLY IMPORTANT BANKS SHOULD BE TIGHTENED IN A TARGETED WAY
UBS Faces Increased Capital Requirement Under Swiss Bank Reform
🔴 UBS FACES INCREASED CAPITAL REQUIREMENT UNDER SWISS BANK REFORM.
UBS FACES INCREASED CAPITAL REQUIREMENT UNDER SWISS BANK REFORM
The Swiss National Bank must prioritize rebuilding its capital over making payouts to the government, Vice President Martin Schlegel says https://t.co/nPU3NBNYuc via @economics @bbenrath #Switzerland
The Swiss National Bank must prioritize rebuilding its capital over making payouts to the government, Vice President Martin Schlegel says https://t.co/TjZls6COoa via @bbenrath https://t.co/KV1jgkn5hc
The Swiss National Bank must prioritize rebuilding its capital over making payouts to the government, Vice President Martin Schlegel says https://t.co/rII5LcAv9F
UBS Group AG is proposing to buy the 33% stake held by Beijing State-Owned Assets Management Co in their joint venture UBS Securities Co. In return, UBS will sell part of or its entire 51% stake in Credit Suisse Securities (China) to the Beijing government fund.… https://t.co/U129kkba8I
UBS is in talks to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, sources say https://t.co/uEHzFC8MfD via @markets #Switzerland
UBS is in talks to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, sources say https://t.co/kS8sTVwoPT
UBS on the brink of Switzerland’s ‘too big to fail’ reckoning https://t.co/Tjm4W76DI8
UBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business in the country, according to people familiar with the matter, following the lender’s takeover of its smaller Swiss rival last year. https://t.co/eayHyO0nsU @business #Switzerland
Switzerland is revamping its financial rulebook after Credit Suisse collapse, placing UBS into heightened scrutiny. https://t.co/EHe5n3Guu6
Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding. It is about to find out https://t.co/jKEv9ix9ew
Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding. It is about to find out. More here: https://t.co/fiXYed0wA2
Swiss government's 'too big to fail' proposals loom for UBS https://t.co/4yLMoxQfU0 https://t.co/5itUqLyIWi
UBS on the brink of Switzerland's 'too big to fail' reckoning https://t.co/Cp95RRPnIQ https://t.co/KyvcGOCirJ
⚠️ FACTBOX-SWISS GOVERNMENT'S 'TOO BIG TO FAIL' PROPOSALS LOOM FOR UBS Full Story → https://t.co/OqxAzFa5oR The Swiss government will this month present proposals aimed at protecting the country against the risk of banks deemed "too big to fail" in response to UBS's emergence… https://t.co/JUty56IfxE
⚠️ UBS ON THE BRINK OF SWITZERLAND'S 'TOO BIG TO FAIL' RECKONING Full Story → https://t.co/OYNFr02SHb Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only… https://t.co/irHpVVF3B1
UBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business in the country, according to people familiar with the matter, following the lender’s takeover of its smaller Swiss rival last year. https://t.co/TBRe2OwiY3