Market Chatter: Swiss Central Bank Vice-Chairman Supports Tougher Rules on Banks, Including UBS

MT Newswires Live12-11

UBS (UBS) continues to face support for stricter proposed banking regulations by the Swiss National Bank, Reuters reported Thursday, citing the vice-chairman of the Swiss central bank.

"We believe that these measures are appropriate and targeted," Antoine Martin reportedly told Reuters regarding new proposed capital and risk management requirements for large Swiss banks like UBS. "We also believe that these measures are neither extreme nor excessive."

UBS opposes the measures proposed in response to the 2023 taxpayer-backed takeover of the collapsed Credit Suisse by UBS.

UBS did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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