UBS says "ill-informed" Swiss debate feeding uncertainty

Reuters

Mon, Mar 17, 2025, 2:18 AM 1 min read

ZURICH (Reuters) - UBS connected Monday said often "ill-informed" nationalist statement astir imaginable risks from its concern activities and size has created uncertainties going into 2025 arsenic Switzerland grapples with however to modulate the country's biggest bank.

UBS is facing stricter caller banking rules since it expanded done the acquisition of Credit Suisse successful 2023 erstwhile its aged rival collapsed owed to a drawstring of fiscal setbacks.

At the centre of the regulatory statement is however overmuch further superior UBS should hold, a question which continues to bent implicit the bank.

In its latest yearly report, UBS said it was already taxable to and gathering superior requirements that are among the highest for immoderate planetary systemically important bank.

"At the aforesaid time, the often ill-informed nationalist statement successful Switzerland astir imaginable risks emerging from our concern activities oregon our size successful narration to the Swiss economy, coupled with intensified demands for aboriginal superior requirements, has created uncertainties arsenic we participate 2025," UBS said.

The bank's concern exemplary and the prime of its assets marque UBS a acold safer steadfast than Credit Suisse ever was, it added.

The slope reiterated it was awaiting details connected superior requirements from the Swiss authorities exepected successful May.

"Due to the wide scope of imaginable outcomes, the interaction of the proposals connected UBS tin beryllium assessed lone erstwhile the implementation details go clearer," UBS said.

The slope backed plans to present a measurement that would let Switzerland's fiscal marketplace authorization to good idiosyncratic executives and a imperishable nationalist liquidity backstop arsenic a information nett for systemically important banks, UBS said.

(Writing by Miranda Murray and Ariane Luthi, Editing by Friederike Heine and Dave Graham)