UBS statement on decision by Swiss Parliament’s upper house on banking regulation

UBS said on September 23, 2026 that a decision that day by the Council of States, the upper house of the Swiss Parliament, would, if confirmed, result in what it calls a further excessive tightening of Swiss capital requirements (the minimum funds banks must hold as a buffer against losses), which it says are already among the most stringent globally.

Key details

• UBS says the outcome is not a compromise and fails to address the root causes of the Credit Suisse collapse.
• UBS says the decision disregards concerns from the overwhelming majority of respondents in the consultation process, which included all business representatives, the relevant employee associations and most cantons; it says they dismissed the Federal Council's proposals as damaging to the Swiss economy.
• UBS says the outcome also disregards the financial support its shareholders provided through the acquisition.
• UBS says it will focus on protecting its long-term interests and will advocate for regulation it describes as targeted, proportionate and internationally aligned.

What’s still pending

• The decision is not final and would take effect only if confirmed at the conclusion of the ongoing parliamentary process.

6ix AI wrote this summary from the release below and checked it against the release.