UBS Group Chairman Colm Kelleher warned shareholders at the annual general meeting that new Swiss capital requirements may force unavoidable business decisions. He argued these rules would turn UBS into an international outlier and weaken its position against global competitors.
The proposed regulations follow the 2023 collapse of Credit Suisse. These rules could require UBS to hold an additional $22 billion in capital.
Kelleher stated this requirement risks the bank's business model without significantly improving financial stability. While maintaining its Swiss headquarters, the bank will evaluate measures to counter these extreme proposals.