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UBS Group AG ( (CH:UBSG) ) has provided an announcement.
UBS Group AG has expressed support for most of the Swiss Federal Council’s regulatory proposals but opposes the significant increase in capital requirements, which it views as disproportionate and misaligned with international standards. The proposed changes would require UBS to hold an additional USD 42 billion in CET1 capital, impacting its capital ratio and potentially affecting its operations and stakeholder interests. UBS plans to engage with stakeholders to find effective solutions and remains committed to its financial targets and capital return plans.
More about UBS Group AG
UBS Group AG is a leading global wealth manager and the largest bank in Switzerland, offering competitive investment banking and asset management services. The company is known for its financial stability, expertise, and international reach, providing economic benefits and know-how to its clients worldwide.
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