UBS faces increased capital requirements under Swiss reforms, Bloomberg says

UBS Group faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for following the collapse of Credit Suisse, reported Bloomberg’s Bastian Benrath and Myriam Balezou. The Federal Council is proposing that systemically-important Swiss banks must hold significantly more capital against their foreign units, notes the news service, citing a report on banking stability from the nation’s government.