Finance
UBS Is Said to Face $20 Billion Capital Hit Under Swiss Plan
- Finance Minister is said to push for tough stance in proposal
- Regulatory changes would take effect 2026 at the earliest
A tram passes the UBS headquarters in Zurich.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
UBS Group AG faces an increase in regulatory capital requirements that could reach around $20 billion under reforms proposed in the wake of the collapse of Credit Suisse.
Swiss Finance Minister Karin Keller-Sutter is aiming for systematically important lenders to have full capital backing against their foreign units, according to a person familiar with the matter. For UBS, the changes would likely translate into a capital hit in the middle of the $15 billion to $25 billion range that analysts and media have estimated, the person said, asking not to be identified discussing internal deliberations.