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The migration of Credit Suisse client data to UBS is underway, with specialists from Singapore assisting in Zurich due to the project's complexity. The first wave has begun, focusing on retail clients, while more intricate cases will be handled individually. UBS aims to complete the transfer by year-end.
Swiss authorities are pushing for stricter capital requirements for UBS, which they argue is necessary to prevent future financial instability. The Basel Committee supports this move, stating that capital standards are similar globally, countering UBS's claims of competitive disadvantage. UBS currently holds 14.82% of its risk-weighted assets as capital, but may need to raise over $20 billion if double counting of foreign subsidiary capital is restricted.
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UBS Begins Major Migration of Credit Suisse Client Data to New Systems
07:53 10.06.2025
Basel Committee supports UBS amid stricter Swiss capital requirements debate
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