XM tillhandahåller inte tjänster till personer bosatta i USA.

Resolvability key to UBS capital requirements, minister says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Resolvability key to UBS capital requirements, minister says</title></head><body>

Adds detail on timing of political process, paragraph 10, definition of resolvability, paragraph 2

ZURICH, Oct 31 (Reuters) -How much capital UBS UBSG.S needs to hold under new stability measures being considered by Swiss authorities will depend on the bank's resolvability, Finance Minister Karin Keller-Sutter said on Thursday.

Swiss financial market regulator FINMA defines resolvability as creating the conditions for restructuring a systemically important bank in a crisis, or allowing it to exit the market by way of bankruptcy, without jeopardising financial stability.

UBS is currently waiting to see what rules are adopted under a set of "too big to fail" proposals sketched out by the Swiss government in April, which aim to prevent the kind of banking collapse that brought down Credit Suisse last year.

UBS acquired Credit Suisse after the latter's demise, creating what critics have called a "monster bank" and putting pressure on the government to ensure it does not fail and hit the economy.

Keller-Sutter said subsidiaries of Credit Suisse in the United States and Britain had been insufficiently capitalized, but that officials were still examining how important capitalization of such units should be in future.

She declined to be drawn on whether the amount of equity banks should back their foreign units with should be nearer to 60% or 100%, speaking in Zurich at a Bloomberg event.

"This depends on the resolvability of UBS specifically because we're talking about UBS," she said.

"And you have to look at the whole package because there are also progressive components of capital requirements, which will rise because of the size of the bank. There will be other capital requirements, for instance, followed by stress tests."

Shortly afterwards, she added: "But I must also say that we are catching up with foreign jurisdictions because they have more than 60% in other jurisdictions."

Officials would deliver proposed amendments to ordinances and legislation in the first half of 2025, which would then be subject to regular consultations, Keller-Sutter added.

If there were another crisis, it would be about liquidity, the minister said.

UBS has pushed back against the prospect of higher capital requirements, arguing it could hurt business.

In the end, a balance is needed to be struck between ensuring the competitiveness of the financial sector and stability, Keller-Sutter said. She said she did not think authorities should interfere in setting salaries when asked about criticism she herself had voiced against UBS executive pay levels.

The minister said the government did, however, believe in creating scope for clawbacks on compensation and that if limiting bankers' pay ever was put to a referendum under the Swiss system of direct democracy, it would likely pass.

Keller-Sutter said she did not rule out the possibility of market regulator FINMA being given the authority to impose fines on banks, noting that fines and introducing a so-called senior manager regime are "very popular" in parliament.



Reporting by Dave Graham, editing by John Revill, Susan Fenton and Marguerita Choy

</body></html>

Ansvarsfriskrivning: XM Group-enheter tillhandahåller sin tjänst enbart för exekvering och tillgången till vår onlinehandelsplattform, som innebär att en person kan se och/eller använda tillgängligt innehåll på eller via webbplatsen, påverkar eller utökar inte detta, vilket inte heller varit avsikten. Denna tillgång och användning omfattas alltid av i) villkor, ii) riskvarningar och iii) fullständig ansvarsfriskrivning. Detta innehåll tillhandahålls därför uteslutande som allmän information. Var framför allt medveten om att innehållet på vår onlinehandelsplattform varken utgör en uppmaning eller ett erbjudande om att ingå några transaktioner på de finansiella marknaderna. Handel på alla finansiella marknader involverar en betydande risk för ditt kapital.

Allt material som publiceras på denna sida är enbart avsett för utbildnings- eller informationssyften och innehåller inte – och ska inte heller anses innehålla – rådgivning och rekommendationer om finansiella frågor, investeringsskatt eller handel, dokumentation av våra handelskurser eller ett erbjudande om, eller en uppmaning till, en transaktion i finansiella instrument eller oönskade finansiella erbjudanden som är riktade till dig.

Tredjepartsinnehåll, liksom innehåll framtaget av XM såsom synpunkter, nyheter, forskningsrön, analyser, kurser, andra uppgifter eller länkar till tredjepartssajter som återfinns på denna webbplats, tillhandahålls i befintligt skick, som allmän marknadskommentar, och utgör ingen investeringsrådgivning. I den mån som något innehåll tolkas som investeringsforskning måste det noteras och accepteras att innehållet varken har varit avsett som oberoende investeringsforskning eller har utarbetats i enlighet med de rättsliga kraven för att främja ett sådant syfte, och därför är att betrakta som marknadskommunikation enligt tillämpliga lagar och föreskrifter. Se till så att du har läst och förstått vårt meddelande om icke-oberoende investeringsforskning och riskvarning om ovannämnda information, som finns här.

Riskvarning: Ditt kapital riskeras. Hävstångsprodukter passar kanske inte alla. Se vår riskinformation.