SNB: UBS rules not extreme

Contesto

In brief - SNB defends new rules for UBS - Measures not considered extreme - UBS criticizes new rules ## Key facts - What: New capital requirements for UBS - When: April 24, 2026 - Where: Switzerland - Who: Swiss National Bank (SNB) - Amount: 20 billion dollars (17 billion francs) The president of the SNB, Martin Schlegel, has taken a clear stance in favor of stricter capital requirements for UBS, as requested by the Federal Council. Schlegel rejected the bank's accusations that such measures would be unacceptable and harmful to international competitiveness. In an interview with the Neue Zürcher Zeitung, the 49-year-old explained that the SNB was involved at a technical level in the development of the rules, but the decision was made by the government. According to Schlegel, the request for full capital coverage (100%) of foreign holdings is 'absolutely central to increasing the resilience of systemically important banks'. When asked if the aim is to drive UBS out of Switzerland, the SNB president replied dryly: 'In the choice of location, capital requirements are just one factor among many. Analysts assume that 'Swissness' is positive for UBS'. ### The consequences of a possible departure According to SNB experts, the additional burden for UBS in terms of own funds would amount to around 20 billion dollars (17 billion francs), as stated by the government, and not 22 billion as claimed by UBS. Schlegel added: 'Our experts have calculated: taking into account the reserves, UBS already has sufficient own capital today to meet all the Federal Council's proposals'. ### Geopolitical tensions Fresh from the spring meeting of the International Monetary Fund in Washington, Schlegel provided a worrying picture regarding geopolitical tensions. 'The mood among central bank...

Dettagli operativi

Implications for cross-border workers The new rules for UBS could have significant implications for cross-border workers in the Swiss banking sector. The request for full capital coverage of foreign holdings could influence the stability and competitiveness of Swiss banks, with possible repercussions on the job market. ### Comparison with the previous situation Before the introduction of the new rules, UBS and other Swiss banks operated with less stringent capital requirements. The new regulation aims to avoid another case similar to that of Credit Suisse, ensuring greater financial stability. However, UBS's criticisms suggest that the new rules could have a negative impact on the bank's international competitiveness. ### Possible scenarios If UBS decides to transfer part of its activities abroad, this could have a significant impact on the job market in Switzerland. However, according to Schlegel, it is likely that the institution will continue to carry out a substantial part of its activities in Switzerland. Moreover, 'Swissness' could be a positive factor for UBS, despite the new rules. ### Procedure for cross-border workers Cross-border workers in the banking sector should closely monitor the developments of the new rules and any decisions by UBS. It is important to stay informed about the possible implications for their employment and the stability of the Swiss banking sector. ### Useful tools For cross-border workers who wish to deepen the implications of the new rules for UBS, the salary calculator can be used to compare their working conditions and salary with those offered by other Swiss banks. Additionally, the permit comparator can be useful for evaluating cross-border work options in Switzerland. ## Recommended tools For an updated estimate, use th...

Punti chiave

What to do now Cross-border workers in the banking sector should start evaluating the possible implications of UBS's new rules on their employment. It's important to stay informed about the bank's decisions and any potential changes to working conditions. ### Important deadlines There are no immediate deadlines related to UBS's new rules. However, cross-border workers should closely monitor developments and any potential decisions by the bank. ### Tools and resources For cross-border workers who want to delve deeper into the implications of UBS's new rules, you can use the salary calculator to compare your working conditions and salary with those offered by other Swiss banks. Additionally, the permit comparator can be useful for evaluating cross-border work options in Switzerland. ### Conclusion UBS's new rules represent a significant change in the Swiss banking sector. Cross-border workers in this sector should stay informed and evaluate the possible implications for their employment. By using the available tools and resources, you can make informed decisions and plan your future career in Switzerland. Source: tvsvizzera.it

Punti chiave

[{"q":"What are the new rules for UBS?","a":"The new rules for UBS require full capital coverage (100%) of foreign holdings, as requested by the Swiss Federal Council. These requirements were developed with the technical involvement of the Swiss National Bank (BNS) and aim to increase the resilience of systemically important banks."},{"q":"What are the implications for cross-border workers?","a":"The new rules could influence the stability and competitiveness of Swiss banks, with possible repercussions on the labor market. Cross-border workers in the banking sector should closely monitor developments and any decisions made by UBS."},{"q":"What should cross-border workers do?","a":"Cross-border workers should stay informed about UBS' decisions and any potential changes to working conditions. It is advisable to use tools like the salary calculator and permit comparator to evaluate their cross-border work options in Switzerland."}]

Related articles

• Pro Velo Ticino: Marco Vitali lascia la presidenza
• Mendrisio Capitale Culturale: Opportunità da Cogliere
• Nuovi programmi educativi a Bellinzona per il benessere scolastico
• Fallimento nomine SIMS in Ticino
• Semaforo Melide: un'ora e venti per Paradiso-Melide