Swiss lawmakers are focusing on a possible compromise in the debate over the regulation of UBS Group AG, which would potentially make it less expensive for the bank to meet the government's $20 billion capital demand. A parliamentary committee is zeroing in reforms to convertible bonds known as Additional Tier 1 capital. The changes would effectively impose losses on the instruments early on in a crisis, something that didn't happen during Credit Suisse's collapse three years ago.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing