Switzerland’s Economic Affairs and Taxation Committee has postponed to August 31, 2026 the vote on substantial capital requirement changes for UBS Group AG. The government draft legislation could force the bank to raise approximately $20 billion in additional Common Equity Tier 1 (CET1) capital. UBS has warned that this requirement would weaken its competitive standing against global peers who face no equivalent obligation. Committee president Erich Ettlin has floated a compromise that would allow UBS to partially satisfy the new requirements with Additional Tier 1 (AT1) bonds. The full legislative process is not expected to conclude before 2027.
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