UBS says Swiss Council of States comments affect planned capital rules
UBS acknowledged comments from Switzerland’s Council of States’ economy committee on planned new capital requirements, saying the increase would limit the bank’s competitiveness.
By Joshua KirbyUBS said it acknowledged comments from the Swiss upper legislature that a planned increase to capital requirements would limit the bank's competitiveness.The economy committee of the Council of States, the upper chamber of the Swiss parliament, said in a statement Tuesday that it was…