UBS Chairman Says Basel III Tougher Than Seems, Le Temps Reports

UBS AG Chairman Kaspar Villiger said the Basel III regulations are “tougher than they appear,” Le Temps reported, citing a meeting with Swiss newspapers.

Villiger, 70, declined to talk about a successor, the Geneva-based newspaper said, adding that the implementation of the bank’s strategy isn’t complete.

To contact the reporter on this story: Warren Giles in Geneva at wgiles@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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