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Update: Swiss Lawmakers Delay Vote on Proposed Changes to Capital Rules

MT Newswires·08/11/2026 09:58:56
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09:58 AM EDT, 08/11/2026 (MT Newswires) -- (Updates with Swiss parliament's statement) A Swiss parliamentary committee postponed its vote on proposed amendments to Switzerland's capital rules, including changes related to the amount of additional capital UBS Group (UBSG.SW) is required to have. The Economic Affairs and Taxation Committee of the upper house will resume deliberations on the matter at its Aug. 31 meeting, a parliament spokesperson told MT Newswires on Tuesday. The Banking Act amendment meeting set to take place on Tuesday afternoon was canceled, according to the Swiss parliament's website, without any rescheduled date specified.