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]

Nigeria’s central bank said about a third of lenders have met its new capital requirements threshold ahead of a March deadline https://t.co/42yEJzsGA8 ...

Regulatory Landscape - Wall Street lenders are lobbying the Fed's new vice chair for supervision regarding capital requirements [1] - The industry is asking the Fed to avoid stricter capital requirements [1] Industry Focus - Wall Street lenders and their lobbyists are attending the Fed's banking conference [1]

Capital Requirement Adjustment - The Fed proposed easing capital requirements for the largest banks in the US [1] - The proposal aims to address banks' concerns about intervening in treasury markets during stress or taking additional deposits during crises [3] - Dissenters argue the proposal weakens the banking system by reducing capital buffers [3] Financial Impact - The proposal reduces Tier 1 capital requirements by 140 basis points (1.4%) for the biggest banks [1] - It is estimated to release approximately $13 billion in capital [2] - Depository institution subsidiaries' capital requirement would decline by $210 billion in aggregate [2] Regulatory Context - The proposal involves the Supplementary Leverage Ratio (SLR), where capital is the numerator and total assets (including risk-free assets) are the denominator [2] - The change is not a unanimous decision within the Fed [4]