UBS and C Suisse to face tougher capital requirements

UBS HQ archway

The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS and Credit Suisse by the year-end, in order to protect them against future crises.

Reuters reports that Switzerland has been at the forefront of efforts by policymakers and regulators to ensure banks do not become so big and interconnected with the international financial system that they would need rescuing with taxpayer cash if they run into trouble.

Solving this 'too big to fail' problem has been a priority for regulators in the United States and Europe after several banks, including Zurich-based UBS, were bailed out in the 2007-09 financial crisis.

To access the complete Reuters article hit the link below:

Swiss to impose tougher capital requirements on UBS, Credit Suisse

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