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المشهد العربي
UBS warned over capital tightening
Sergio Ermotti, the CEO of Swiss bank UBS, warns against imposing excessively strict capital regulations on the bank, especially with the Swiss Parliament's upcoming vote on new laws following the 2023 Credit Suisse crisis. The government proposals include increasing the bank's capital by approximately $20 billion and requiring it to cover its foreign units with 100% of the Tier 1 capital (CET1). Ermotti believes the proposal is exaggerated, emphasizing that the additional costs will impact shareholders, clients, and employees. He warns that excessive tightening could harm financial stability and place additional burdens on the bank.
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