Exclusives | Europe

UBS steps up contingency planning as it tries to tame Swiss rules

29 July 2025, 10:07 am
1 min read
FILE PHOTO: FILE PHOTO: A logo of Swiss bank UBS is seen in Zurich, Switzerland, May 1, 2025. REUTERS/Denis Balibouse/File Photo

UBS is briefing senior staff that the need to examine moving its HQ from Switzerland has grown since the government proposed new capital rules, a source with knowledge of the matter said, while another pointed to London as a favourite alternative.

Why it matters

The Swiss government proposed reform measures in June that envisage that UBS – as Switzerland’s sole remaining global bank with a balance sheet about double the size of the economy – should capitalise its foreign subsidiaries by 100% rather than 60% currently, to cover potential losses abroad. That could mean the bank has to carry an extra $24 billion in capital.

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