France is pressing the EU for a third delay on new rules that will impose higher capital requirements on banks, arguing the current timeline will put the bloc’s lenders at an unfair disadvantage https://t.co/a9qpv4PJig ...

Regulatory Landscape - UBS is working to reduce capital requirements in government-backed reforms [1] - Deutsche Bank analysts commented on UBS's efforts [1]

New Zealand’s central bank should go further with its proposals to ease capital requirements, according to a banking industry lobby group https://t.co/O2UqwubyZi ...

The Swiss government needs to find a compromise with UBS to raise the bank’s capital requirements, the head of the right-wing Swiss People’s Party said https://t.co/C3epsE8ZL4 ...

Switzerland’s government has formally proposed giving UBS seven years before it has to fully comply with higher capital requirements, confirming previous guidance https://t.co/J0SQ1TWUEs ...

Morgan Stanley asked the Fed to reduce its capital requirements, the regulator said as it announced upcoming capital requirements for most Wall Street banks that are in line with lenders’ expectations https://t.co/K3YqML1i0p ...

Regulatory Review - New Zealand's central bank initiates consultation on reviewing capital requirements for lenders [1] - The review highlights two options for overall capital ratios [1] - Both options materially reduce requirements compared with 2019 decisions [1]

Regulatory Changes - Nigeria increased capital requirements for insurance businesses fivefold [1] - Insurance operators have one year to comply with the new capital requirements [1] - Failure to comply with the new requirements risks losing licenses [1]

Strategy & Capital Requirements - UBS Group CEO Sergio Ermotti states the bank will not be downsized to lessen the impact of future Swiss capital requirements [1]

Financial Performance & Integration Progress - Core underlying profits increased by 25% year-on-year, with wealth management businesses in every region growing on a PBT basis in double digits [1] - Alternative business in asset management reached 300 billion in assets under management [1] - Achieved 9 billion in cost savings out of the targeted 13 billion, with an additional 1 billion expected by year-end and 3 billion in 2026 from shutting down legacy systems [3] - Successfully migrated 400,000 clients in Switzerland and is progressing with the second wave in the third quarter [2] - UBS is accruing for a double-digit increase in dividends and executing capital return plans through share buybacks [15] Strategic Outlook & Regulatory Landscape - Shrinking is not an option, as diversification benefits both UBS and Switzerland [9][10][11] - The combination of UBS and Credit Suisse creates a stronger bank globally in core activities [13] - UBS is fully implementing Basel III in Switzerland, effective January 1st of this year [17] - A tariff discussion outcome around 15% on average is a base case scenario, which is six times higher than at the beginning of the year [22] Client Relations & Risk Management - Serves over 250万 (2.5 million) clients, including over 20万 (200,000) SMEs in Switzerland, indicating a solid relationship with the community [5] - Addressed an issue affecting less than 200 clients related to FX packages and compensated affected clients, which was reflected in Q2 results [27][28]