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UBS: Swiss Reforms Looking For Greater Capital Levels, Should Be Spread Positive

FINANCIALS

UBS headlines out... appears Federal Council reforms are looking for greater capital levels, especially of overseas units. Appears more conservative than expected... if equity sells off (UBSG SW), we'd see spreads tightening.


  • UBS FACES INCREASED CAPITAL REQUIREMENT UNDER SWISS BANK REFORM
  • SWISS FEDERAL COUNCIL RELEASES PROPOSALS FOR BANKING REFORM
  • SWISS GOVT WANTS INCREASE IN CAPITAL BACKING FOR FOREIGN UNITS
  • UBS FALLS 0.8%, ENTERS TRADING HALT, ON CAPITAL RULES REPORT
  • SWISS GOVT PROPOSES INTRODUCTION OF SENIOR MANAGERS REGIME

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