UBS Capital Requirement Bill Delayed by Swiss Lawmakers

Swiss Upper House Economic Affairs and Taxation Committee held the first hearing on UBS capital requirements without issuing a recommendation.
Committee will scrutinize alternatives to the Federal Council’s proposal, reflecting divergent views on capital requirement design and related instruments.
The legislative delay adds several months, raising the chance that the government’s strict capital plan for UBS could be modified.
UBS shares fell 0.81% following the hearing, indicating market sensitivity to the pending regulatory outcome.