Finance
UBS Should Increase Capital Levels, Central Bank Chief Tells NZZ
- ‘Improvements are required in terms of resolvability’
- SNB president Jordan comments in Swiss media interview
This article is for subscribers only.
UBS Group AG should set aside more capital, Swiss National Bank President Thomas Jordan told Neue Zuercher Zeitung.
“It’s in UBS’s interest that we address the weaknesses identified” by the government, Jordan was cited as saying in an interview published Saturday. “Improvements are required in terms of resolvability, and adjustments are needed on the capital side.”