UBS CEO Ermotti Says Proposed Capital Compromise 'Bearable'
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UBS Chief Executive Officer Sergio Ermotti stated that the proposal allowing the bank to use AT1 bonds to meet capital requirements is 'bearable.' His comments were made in an interview with Neue Zuercher Zeitung published on Sunday.
The proposed capital compromise comes as Swiss lawmakers consider new regulations for the banking sector, and Ermotti's remarks suggest a level of acceptance of the changes being discussed.
UBSSergio Ermotti
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“UBS Chief Executive Officer Sergio Ermotti said the idea to let the lender use a form of debt known as AT1 bonds to meet some of the capital requirements being proposed by Swiss lawmakers would be”
Bloomberg — UBS CEO Ermotti Says Proposed Capital Compromise 'Bearable'