UBS Set for Long-Awaited Clarity on Switzerland’s Capital Rules

UBS Group AG is finally about to find out just how many billions of dollars Switzerland will strip from its capital buffers.

The government this week is set to unveil an executive order, or ordinance, that decides which assets UBS will have to eliminate from its tally of regulatory capital. It will also present a draft for the second cornerstone of its planned banking rules overhaul — a law to determine how much in additional capital UBS needs to hold at home against activities abroad.