Swiss regulator heeds calls for tougher rules

The Swiss Federal Banking Commission, the industry regulatory, has written to the country's two biggest banks to outline plans to enforce more stringent capital requirements.

The move comes after the Swiss National Bank urged the regulator to impose stricter requirements on UBS and Credit Suisse, the country's two biggest banks, in its Financial Stability Review, published in June.

Neither the regulator nor UBS would provide Central Bank News with a copy of the letter, but it is known to cove