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Swiss Panel Recommends Stricter Rules for UBS, Credit Suisse

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Switzerland should adopt stricter capital requirements for UBS Group AG and Credit Suisse Group AG following the introduction of tighter rules in the U.S. and the U.K., a government-appointed panel recommended, concluding a yearlong review of measures to avoid bailouts.

“Switzerland should be among the countries with the highest standards internationally” for big banks, the panel said in a report published today, adding that this applies to both of two key measures of financial soundness. “The Swiss lead with regard to risk-weighted requirements is small and the country is somewhat behind the U.S. and the U.K. in the area of leverage ratio.”