New capital standards will slow UBS growth

Tall order: A pedestrian passes a UBS Group branch in Zurich, Switzerland. The bank might in future have to back its foreign holdings with up to 100% equity, up from 60% at present. — Bloomberg

ZURICH: The Swiss government’s proposed tougher capital requirements for the banking industry will impact UBS’s ability to grow, the country’s finance minister has said in an interview.

Switzerland’s largest bank will have to hold more capital if the regulatory package, announced last Wednesday to prevent a repeat of the collapse of Credit Suisse, is implemented, Karin Keller-Sutter told Aargauer Zeitung.