UBS Says Swiss Capital Plan Would Put It 50% Above Peers
UBS chief executive Sergio Ermotti told FT editor Roula Khalaf that Switzerland’s proposed capital reforms for the bank are disproportionate and misdiagnose Credit Suisse’s collapse. He argued that Credit Suisse failed because of management, business-model and supervisory failures, not because the Swiss framework was fundamentally deficient, and warned that forcing UBS to hold capital 50 per cent above peers would be neither targeted nor internationally aligned. Asked whether UBS could move its headquarters, Ermotti said the bank’s premise remains to stay in Switzerland, while acknowledging management has a duty to examine alternatives.
Financial Times·May 9, 2026·11 min read
