Swiss Groups Pressure Parliament Over UBS Capital Rules
With Parliament set to vote on tightened capital rules after the Credit Suisse collapse, UBS warns that 100% CET1 backing would erode competitiveness and cost billions, while backing a compromise—potentially 50% CET1 with AT1 or similar arrangements—to cushion the impact. Industry groups press lawmakers to avoid overly harsh rules, arguing higher capital costs would raise financing costs for Swiss companies and hurt the financial center, as UBS and lawmakers weigh a viable middle ground that could require roughly $13–20 billion in additional capital.
Business · 7 sources · Sep 22, 2026Read itThe journal
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About Sergio Ermotti
Sergio Pietro Ermotti is a Swiss manager and financial services executive. From April 2021 to April 2023, Ermotti was chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained that position in 2023. He is also a board member of the Institute of International Finance.
Everything about Sergio Ermotti →- Occupation
- bank manager, business executive, chief executive officer, banker
- Position held
- chief executive officer
- Citizenship
- Switzerland
- Born
- May 11, 1960