Noele Illien

1 week ago | bloomberg.com | Oliver Crook |Noele Illien

Karin Keller-Sutter during an interview at the EU Ministers for Economic and Financial Affairs (ECOFIN) and Central Bank Governors informal meeting in Warsaw. Photographer: Damian Lemanski/Bloomberg(Bloomberg) -- Swiss Finance Minister Karin Keller-Sutter gave a cold shoulder to UBS Group AG’s offer of a permanent cap on the size of its investment bank, suggesting it won’t do much to change her mind on future capital requirements.

2 weeks ago | bloomberg.com | Noele Illien |Steven Arons

Nach Ansicht von UBS-Verwaltungsratspräsident Colm Kelleher würden die aktuellen Reformpläne der Schweiz die Kapitalanforderungen für die Bank dramatisch in die Höhe treiben. “Die Finma und die Schweizerische Nationalbank fordern zusätzliche Kapitalanforderungen, was ebenfalls zu einer Erhöhung der Kapitalanforderungen um 50% im Vergleich zu heute führen würde“, sagte Kelleher am Donnerstag bei der Generalversammlung der UBS in Luzern. Er bezeichnete die möglichen Maßnahmen als “extrem“.

2 weeks ago | news.bloomberglaw.com | Noele Illien |Steven Arons

UBS Group AG Chairman Colm Kelleher said current reform plans by Switzerland would dramatically push up the bank’s capital requirements, as he seeks to show that the move would effectively render the global firm uncompetitive. “Finma and the Swiss National Bank stipulate additional capital requirements, which would also lead to a 50% increase in capital requirements as compared to today,” Kelleher said at UBS’s annual general meeting in Lucerne, Switzerland, on Thursday.

2 weeks ago | news.bloombergtax.com | Noele Illien |Steven Arons

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

2 weeks ago | bloomberg.com | Noele Illien |Steven Arons

Colm Kelleher(Bloomberg) -- UBS Group AG Chairman Colm Kelleher said current reform plans by Switzerland would dramatically push up the bank’s capital requirements, as he seeks to show that the move would effectively render the global firm uncompetitive.