SWISS DAYBOOK: UBS Said Capital Requirements Should Be Set Lower

UBS AG, Switzerland’s biggest bank, said capital requirements for the country’s largest banks should be set at a lower level than proposed by the government until it’s clear what regulators elsewhere demand of their lenders.

WHAT TO WATCH: *Swiss central bank Governing Board Member Jean-Pierre Danthine speaks at 6:00 p.m. at the SNB Geldmarktapero in Zurich *Baselworld watch fair in Basel

EQUITIES: *Credit Suisse: “well positioned to succeed” in annual report, asks for approval of conditional capital; CEO Dougan gets 12.8 million francs in total compensation *Swiss Re awarded executive board SF40.3m in 2010; nominates Renato Fassbind to board *Dufry 2010 net earnings increased 49 percent to 144.8 million *Gottex fee-earning assets rose to $8.49 billion at end of February from $8.26 billion two months earlier *Bucher buys Krause in U.S., company with revenue of $61 million *Komax cut to ‘hold’ at Bank Vontobel

MARKETS: *The SMI gained 0.5 percent to close at 6,256.06 *The SPI added 0.5 percent to 5,690.02 *The Stoxx Europe 600 Index climbed 0.5 percent to 273.11 *The MSCI Asia-Pacific Index rose 0.2 percent to 132.99 as at 7:57 a.m. in Zurich *Euro -- Franc at 1.2813 as t 7:58 a.m. in Zurich

To contact the reporter on this story: Klaus Wille in Zurich at

To contact the editor responsible for this story: Craig Stirling at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.