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UBS Chairman says AT1 capital proposal is an acceptable compromise

Source: reuters.com

Banking & LiquidityRegulation & LegislationCredit & Bond Markets
UBS Chairman says AT1 capital proposal is an acceptable compromise

UBS Chairman Colm Kelleher said the Swiss parliamentary committee's proposal to let UBS use Additional Tier 1 bonds toward part of its capital requirements is a compromise the bank can accept. The proposal could reduce the burden of forthcoming Swiss banking-rule changes by preserving a role for AT1 capital, supporting UBS's capital-management flexibility.

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