Swiss parliament considers softening UBS's $20 billion capital requirement to $15 billion by allowing AT1 bonds, with a key vote set for August

(Bloomberg) -- UBS Group AG should be required to fully back its units abroad with highest-quality equity capital in Switzerland, a senior central bank official reiterated.

The Swiss National Bank says UBS needs roughly $20 billion in additional CET1 capital to fully back its foreign subsidiaries under proposed new