Switzerland hits UBS with proposed $20bn capital increase
Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender
Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender

‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse

Decision could be published in April with foreign capital requirements component moving to parliament for debate

Switzerland’s Federal Council this week laid out a compromise which set up another fight with the country’s biggest bank

A proposal from a cross-party group of politicians could break the deadlock with the country’s biggest bank

Lender argues that proposals to significantly increase requirements have already cost investors $40bn

It is not in the country’s interests for its biggest bank to be uncompetitive