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Swiss Lawmakers Propose Capital Rule Changes for UBS

12/12/2025

Summary

Story summary

Swiss lawmakers have proposed a compromise on capital rules for UBS Group AG (UBS) to sustain international competitiveness.
The government would raise the foreign subsidiary capital requirement from 60% to 100%, which UBS estimates would need about $24 billion more capital.
Lawmakers would allow UBS to use Additional Tier 1 (AT1) debt for up to 50% of this requirement, and UBS welcomed the proposal while urging proportional, internationally aligned rules.

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Story summary

Swiss lawmakers have proposed a compromise on capital rules for UBS Group AG (UBS) to sustain international competitiveness.
The government would raise the foreign subsidiary capital requirement from 60% to 100%, which UBS estimates would need about $24 billion more capital.
Lawmakers would allow UBS to use Additional Tier 1 (AT1) debt for up to 50% of this requirement, and UBS welcomed the proposal while urging proportional, internationally aligned rules.