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UBS CEO Ermotti warns against harsh capital rules ahead of vote
Source: reuters.com
Banking & LiquidityRegulation & LegislationCapital Returns (Dividends / Buybacks)
UBS CEO Sergio Ermotti warned Swiss lawmakers that excessively strict capital requirements could harm the bank, ahead of a key parliamentary vote. The outcome could affect UBS's capital flexibility, including its capacity for distributions and balance-sheet management, making it a potentially material stock-specific regulatory catalyst.
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