According to Kelleher, UBS is expressing grave concerns about the potential impact of Swiss capital proposals.

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Financial Times 1w ago

According to Kelleher, UBS is expressing grave concerns about the potential impact of Swiss capital proposals. - Financial Times

Quick Summary:

UBS shares have dropped 12 per cent since the Swiss Federal Council published its report this month into the failings of Credit Suisse and proposals on how to improve the system.

He added: “While the US and Asia attract capital through effective regulation, the lack of deep capital markets in Europe poses challenges for both its economy and banks.

He said that the financial sector was “a pivotal driver of growth and prosperity in Switzerland”.“However, to maintain this competitive edge, it is imperative that our regulatory policies ensure a level playing field,” he said.“Switzerland’s regulation must remain broadly aligned with global standards.