UBS Urges Weaker Capital Reforms as Swiss Decision Nears

UBS Group AG is still seeking to convince the Swiss government to water down its plans for fresh capital requirements on the lender as a decision on the matter is expected soon.

“We will know in a couple of weeks, or at least in a few weeks” what the capital reforms are likely to look like, Chief Financial Officer Todd Tuckner said at a conference hosted by Morgan Stanley on Tuesday. “In the meantime, we continue to advocate for a better outcome, a more moderate outcome.”