Swiss Parliament’s Upper House Backs Plan to Ease New Capital Demands on UBS

The Swiss Parliament’s upper house has endorsed a plan to reduce the capital requirements for UBS, easing the stringent demands that would have required the bank to hold 100% top-tier capital against its foreign subsidiaries. Instead, the new proposal lowers this requirement to 90%. This decision could alleviate some of the financial pressure on UBS while still maintaining a substantial level of capital coverage. The move underscores the Swiss government's ongoing efforts to balance financial stability with the practical needs of its largest bank.