Report: In a setback for UBS. Switzerland adopts stricter capitalist rules
The Sky News Arabia — Business report highlights the material on this development, while keeping the allegations attributable to their sources.
Sky News Arabia — Business highlighted the theme "Report: In a setback for UBS. Switzerland adopts stricter capitalist rules," and presented development as the key point of the available source material.
In a fresh blow to UBS, the Swiss Council of States voted on Wednesday in favor of capital rules requiring the bank to cover its foreign units with 90 percent of the core capital of the first tranche (CET1).
The statements and estimates received remain attributable to their respective owners as presented by the source. The extract alone does not provide a complete independent record of the documents or the responses of all parties, so this presentation is limited to points that could be directly attributed to the available material.
Other aspects of the story may become clearer if official statements or subsequent updates are released. Until then, no further details about the causes, effects or chronology can be deduced outside of what the source has stated.
Sources
- في انتكاسة لـ"UBS".. سويسرا تقر قواعد رأسمالية أكثر صرامة — Sky News Arabia — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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