Swiss authorities "loosen grip": UBS's capital requirements may drop from 100% to 70%, reducing the burden by billions of dollars.

Swiss legislators are considering a new proposal to relax capital requirements for UBS. If this proposal is implemented, the capital burden faced by UBS will be reduced by billions of dollars compared to the government's proposed draft. Under the new proposal, UBS will only need to support its overseas subsidiaries with approximately 70% to 80% of CET1 capital, instead of the 100% required by the government.