UBS Group opposes the latest decision passed by the Swiss Parliament. The decision will place significant new capital requirements on UBS. UBS said the company will focus on protecting its own long-term interests. “This political outcome was not a compromise, nor did it resolve the root cause of Credit Suisse's collapse,” UBS said in a statement. “It ignored the serious concerns expressed by the vast majority of respondents during the democratic consultation process, including all industry representatives, relevant employee associations, and most states.” “The interviewees have clearly denied the extreme regulatory plan proposed by the Federal Council, believing that these measures will damage the Swiss economy,” UBS said. Earlier on Wednesday, the upper house of the Swiss parliament passed a compromise on UBS capital requirements, but compared to the additional capital requirements proposed by the government, the relaxation was only limited. UBS said it will continue to oppose political action to drastically raise its capital requirements. The bank's stock price was basically flat in Zurich. This result will then be submitted to the lower house of the Swiss parliament for review. The lower house may begin discussions and form its own position as soon as the end of the year. If the two houses disagree on the details, they will review your dealings again and again until a common version is reached. The final decision on UBS capital requirements will not be released until 2027 at the earliest, and the relevant decision may also be put to a referendum.

UBS Group opposed the latest decision passed by the Swiss Parliament. The decision will place significant new capital requirements on UBS. UBS said the company will focus on protecting its own long-term interests. “This political outcome was not a compromise, nor did it resolve the root cause of Credit Suisse's collapse,” UBS said in a statement. “It ignored the serious concerns expressed by the vast majority of respondents during the democratic consultation process, including all industry representatives, relevant employee associations, and most states.” “The interviewees have clearly denied the extreme regulatory plan proposed by the Federal Council, believing that these measures will damage the Swiss economy,” UBS said. Earlier on Wednesday, the upper house of the Swiss parliament passed a compromise on UBS capital requirements, but compared to the additional capital requirements proposed by the government, the relaxation was only limited. UBS said it will continue to oppose political action to drastically raise its capital requirements. The bank's stock price was basically flat in Zurich. This result will then be submitted to the lower house of the Swiss parliament for review. The lower house may begin discussions and form its own position as soon as the end of the year. If the two houses disagree on the details, they will review your dealings again and again until a common version is reached. The final decision on UBS capital requirements will not be released until 2027 at the earliest, and the relevant decision may also be put to a referendum.