Swiss Upper House Backs 90% Compromise Plan on UBS Capital

Switzerland’s upper house has backed a new compromise proposal in the debate over UBS Group AG’s capital requirements. The plan, supported in parliament’s upper chamber, slightly softens the Swiss government’s original demand by requiring the bank to back 90% of the value of its foreign units, rather than a higher threshold sought earlier. The decision reflects the ongoing political and regulatory balancing act around UBS’s cross-border business and how much capital it must hold to meet supervisory expectations. The measure is part of a broader process of negotiating capital rules for large banks under Swiss oversight.