Reports indicate that the Swiss government is considering relaxing certain aspects of its banking regulatory framework. Under the original proposal, UBS Group AG might have been required to raise up to an additional $24 billion in capital.
The regulations in question pertain to the valuation of deferred tax assets, software, and other items, which account for approximately $11 billion of the total additional capital UBS may need to hold.
Despite the potential adjustments, the Swiss government is expected to maintain its proposal to parliament, which would require UBS to fully capitalize its overseas subsidiaries domestically.
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