UBS investment chief claims Swiss capital ratios too high, won’t hold

carsten-kengeter

Proposals for Switzerland's two largest banks to hold total capital requirements of 19% are too stringent and unlikely to stick, Carsten Kengeter, the chief executive of UBS Investment Bank, said on Thursday.

Kengeter told an audience at the London School of Economics that he accepted Swiss banks would have to overcome higher hurdles than some of their counterparts in other countries due to the size and dependence on banking. However, the proposed level of capital requirements were too high and

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