Swiss lawmakers consider fresh compromise for UBS capital rules, sources say 

Swiss lawmakers are considering a new pitch to soften capital requirements on UBS  that, if implemented, could shave billions of dollars off the burden the bank is facing under a draft law submitted by the government, sources told Reuters. Shares in UBS traded over 2% to hit their highest level since the financial crisis in 2008. 

Why it matters

Draft legislation submitted to parliament in April aims to introduce tougher rules to prevent a repeat of the Credit Suisse meltdown by requiring UBS to fully back its foreign units with Common Equity Tier 1 (CET1) capital.