UBS Accuses Swiss Central Bank of Misleading Capital Requirement Assessment

UBS Bank criticized the Swiss National Bank's report on the bank’s readiness for the proposed capital requirements, describing the assessment as "misleading." The Swiss government is calling for an increase in the core capital ratio from 60% to 100%, which would add approximately $20 billion to the bank's capital, threatening its competitive models and impacting its ability to generate returns. This comes amid discussions about the bank's future following its takeover of Credit Suisse.