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Swiss National Bank says 90% CET1 backing for UBS a good outcome
Source: reuters.com
Banking & LiquidityRegulation & LegislationCapital Returns (Dividends / Buybacks)
Swiss National Bank Vice Chairman Antoine Martin said a 90% Common Equity Tier 1 capital backing requirement for UBS's foreign units would be appropriate. The comments follow Switzerland's upper-house vote on proposed banking regulations, signaling potential tighter capital requirements for UBS's overseas operations.
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