Grudging UBS Support For Capital Compromise Before Vote

(MENAFN- Swissinfo) The top leaders of UBS bank indicated at least some backing for a recent proposal from Swiss lawmakers to soften planned new capital requirements, just days before a crucial political vote on the matter. Select your language

Generated with artificial intelligence. Listening: Grudging UBS support for capital compromise before vote This content was published on September 21, 2026 - 13:36 6 minutes Bloomberg

Chief Executive Officer Sergio Ermotti said the idea to let UBS use a form of debt known as AT1 bonds to meet some of the new requirements would be“bearable” for the lender, according to an interview in Neue Zürcher Zeitung published Sunday. The remarks came shortly after chair Colm Kelleher used similar wording.

Both Ermotti and Kelleher said they still wouldn't be happy to see the plan get turned into law.

The grudging support is the clearest indication yet that UBS would temper its vocal opposition to Switzerland's planned banking overhaul if the country were to adopt the AT1 plan. The parliament's upper house is set to vote on the matter on September 23.

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