瑞银集团：资本规则明确助回购，美政府停摆或不利IPO

Core Viewpoint - The clarity of Swiss capital regulations will support UBS's capital accumulation and buyback plans for the fourth quarter [1] Group 1: Capital Accumulation and Buyback Plans - UBS's CFO indicated that the clarity of Swiss capital rules will provide a basis for the bank's capital accumulation and buyback plans in Q4 [1] - The scale of stock buybacks for 2026 will be determined based on integration progress and capital conditions [1] Group 2: Client Migration and IPO Considerations - There are no significant issues regarding the migration of Credit Suisse clients [1] - Potential adverse factors for an IPO delay include a government shutdown in the U.S. [1]