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المشهد العربي
UBS does not raise Swiss capital rules
UBS, the Swiss bank, rejected the Parliament's decision to impose stricter additional capital requirements, emphasizing that protecting its long-term strategic interests remains the top priority. The statement said that the new approach does not reflect a true balance and neglects the causes that led to the collapse of Credit Suisse Bank, noting that the legislation ignores the warnings issued by relevant authorities during the regulatory consultations. This came after the Senate voted in favor of a limited modification to the capital measures, although it does not deviate significantly from the original government proposal, which requires the bank to hold capital covering 90% of the value of its subsidiaries externally.
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