UBS says Swiss upper house vote risks excessive tightening of bank capital rules

• UBS warned a Swiss upper house decision on banking regulation would further tighten Swiss capital requirements, already among the world’s strictest.
• It called the outcome excessive, not a compromise, citing failure to address root causes of the Credit Suisse collapse.
• UBS said the decision ignored consultation feedback from business groups, employee associations, most cantons, and UBS shareholders’ support for the takeover.
• The bank said it will defend its long-term interests during the remaining parliamentary process, pressing for proportionate, internationally aligned rules.

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