UBS Finance Chief Todd Tuckner expressed disappointment on Wednesday regarding the proposed new Swiss capital regulations. He described the proposals, which could require the bank to hold an additional $26 billion in core capital, as the beginning of a potentially long process.
Tuckner stated, 'Naturally, as to capital, we're disappointed,' emphasizing UBS's strong opposition to the stringent requirements. He affirmed the bank's intention to actively participate in political consultation processes on Switzerland's capital framework.
UBS aims to contribute to these discussions in hopes of achieving a more proportionate outcome. This public statement underscores the bank's commitment to mitigating the impact of these regulations on its competitive position and shareholder returns.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.