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UBS CEO Ermotti says 90% CET1 capital proposal is no real compromise
Source: reuters.com
Banking & LiquidityRegulation & LegislationCapital Returns (Dividends / Buybacks)
UBS CEO Sergio Ermotti rejected a proposal requiring the bank to back foreign units with 90% Common Equity Tier 1 capital rather than 100%, arguing that it is not a meaningful compromise. His comments underscore UBS's concern that tougher Swiss capital requirements could constrain capital deployment and increase regulatory pressure on the bank.
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