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Live News REGULATION ARTICLE M impact

Swiss lawmakers seek deferment on major UBS banking rules

A group of Swiss lawmakers is backing a motion to defer to the government on major new banking rules for UBS ahead of a Thursday vote in the upper house, concerning a compromise drafted last month.

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A group of Swiss lawmakers is backing a motion to defer to the government on major new banking rules for UBS BX:0UB ahead of a Thursday vote in the upper house of parliament on the compromise agreed last month on the draft legislation.