The Swiss National Bank just gave UBS something close to a clean bill of health. In its Financial Stability Report 2025, published on June 19, the central bank declared that Swiss banks are well positioned to absorb adverse scenarios, with capital ratios sitting comfortably above required levels.
More notably, UBS already complies with the stringent “too big to fail” capital requirements that aren’t even scheduled for full implementation until 2030.
What the SNB actually found
Capital buffers across the industry sit significantly above regulatory minimums, meaning banks have substantial room to absorb losses before hitting any danger zone.
Sector profitability also improved in 2024, driven in large part by UBS itself. In March 2023, UBS absorbed Credit Suisse in a government-brokered rescue deal that prevented what could have been a systemic crisis for Swiss finance. The integration has been expensive, messy, and ongoing. Yet the bank has managed to boost sector-wide profitability despite those costs.
