Finance
Swiss Regulator Open to Gradual Rise in UBS Capital Demands
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Switzerland’s financial regulator said that it would be open to introducing higher capital requirements for UBS Group AG in stages over a number of years, potentially pushing back the impact of changes the bank has fought stiffly against.
It’s “better to have the right answer with the necessary phase-in, than the wrong answer forever,” said Stefan Walter, chief executive officer of Finma, in an interview in Zurich.