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UBS Bank Opens New Capital Facilities
The Swiss Parliament's Committee on Economic Affairs and Taxes has proposed easing measures for UBS Bank, including allowing it to meet 50% of its new capital requirements through Additional Tier 1 (AT1) bonds, instead of relying entirely on common equity shares. The aim is to reduce direct costs and enhance profitability while supporting its foreign operations through a balanced mix of equity and AT1 bonds. The reforms will require modifications to AT1 bonds to ensure their ability to absorb early losses during potential financial crises, and a vote on the proposal is expected in the council during the fall session.
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