Swiss bank industry rejects higher capital requirements for UBS

The Swiss Bankers Association (SBA) strongly opposes the extra capital requirements for UBS being demanded by the government. +Get the most important news from Switzerland in your inbox According to the SBA, the measures unnecessarily further risk tightening the already stringent Swiss requirements. In a position statement today, director Roman Studer calls for an overview to avoid "duplication and unnecessary burdens". The organisation also argues that such regulations, although targeted at UBS...