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Stock impact report

UBS statement on regulatory capital announcements made by the Swiss government

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Business Wire
ZURICH--(BUSINESS WIRE)--Regulatory News:Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing RulesEarlier today, the Swiss Federal Council published its final Capital Adequacy Ordinance (CAO) specifying the regulatory capital treatment of select assets for banks headquartered in Switzerland.As well as publishing the final CAO, the Federal Council also submitted to parliament its final proposal for amendments to the Banking Act that governs the capital treatment of foreign participations of systemically important banks. This proposal will now be deliberated by parliament in the normal course of business.UBS (NYSE:UBS) (SWX:UBSN) continues to strongly disagree with the proposed package, which is extreme, lacks international alignment and disregards concerns expressed by the majority of respondents to the government’s consultations. If adopted, the proposed measures would have far-reaching consequences for the Swiss economy.The materials published by the Show less Read more
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