Switzerland Tightens Banking Regulations Following UBS Review

• The Swiss Federal Council has adopted stricter capital requirements for systemically important banks, specifically targeting foreign subsidiaries.
• Future regulations will require 100% of the book value of foreign subsidiaries to be deducted from a parent company's hard equity.
• Finma is set to receive expanded supervisory powers, including the authority to impose fines.
• The new regulations introduce a 'Senior Managers Regime' requiring banks to explicitly name responsible executives.
• UBS claims the new capital requirements could cost the bank up to $1.3 billion annually.

By The Numbers

They Said