Swiss authorities could require UBS and Credit Suisse to set aside an additional CHF 70 billion ($68.29 billion) in capitalб Reuters reports.
“40 billion for UBS, CHF 30 billion for CS,” parliamentarian Hans Kaufmann told Swiss weekly Sonntag, referring to the additional capital the banks would have to put aside under the proposal.
Switzerland’s top banking watchdog, the EBK, has told Reuters it plans to introduce more stringent capital rules by October to restrain UBS and Credit Suisse, so they do not run into the same trouble again that made UBS the biggest European casualty of the global financial turmoil.
A spokesman for the EBK, Alain Bichsel, told Sonntag that a sum had been proposed and it would make details known in the autumn.