Majority of Swiss population backs stronger capital rules for UBS

Most Swiss people support stricter capital rules for large banks ​like UBS (UBSG.S), opens new tab, polling firm YouGov said ‌on Thursday, citing a survey it described as representative of the adult resident population ​in Switzerland's two main language ​regions.

The poll found 79% of respondents clearly ⁠or somewhat in favour of ​tougher capital requirements for UBS even if ​this means the bank pays lower dividends or has to accept slower growth, with 9% ​clearly or somewhat against.

The rest were ​undecided in the poll of just over 1,000 ‌people ⁠from German-speaking and French-speaking Switzerland, which was conducted in early June.
UBS became Switzerland's sole global bank when it acquired ​Credit Suisse ​in ⁠2023 in a government-engineered emergency takeover.

The bank has criticised government ​plans to require full backing ​of ⁠foreign units with Common Equity Tier 1 (CET1) capital as "extreme," while lawmakers have been ⁠working ​on a compromise to strengthen ​financial stability and protect the lender's international competitiveness.


-Reuters