Swiss lower house committee to review UBS (UBS.US) capital requirements in November, debate over $16 billion capital shortfall heats up.

Zhitong Finance APP has learned that an influential committee in Switzerland stated it will address UBS Group (UBS.US) capital requirements next month, setting the next key date for the country's largest bank. According to a statement released on Wednesday, the lower house Economics and Taxation Committee plans to conduct detailed deliberations on the proposal for capital backing of foreign subsidiaries at its meeting on November 23-24, as originally scheduled.