Swiss lawmakers propose weakening UBS CoCo capital rules
A parliamentary committee proposed diluting capital demands for UBS by letting the $170 bln bank count cheaper additional Tier 1 debt, aiming to make hybrid securities more useful in a crisis.
By Liam ProudA parliamentary committee proposed diluting capital demands for UBS by allowing the $170 bln bank to use cheaper additional Tier 1 debt.
The same lawmakers want these hybrid securities to be more useful in a crisis.
Judging by Credit Suisse’s collapse, the reforms fail that test.Full…