Post by Financial Times

After two years of conflict with UBS, Switzerland’s Federal Council set out its final plans to bolster the bank’s capital requirements and mitigate against the risk of another Credit Suisse-style collapse. The government said the reforms it ultimately proposed were 'more moderate than planned' and 'a balanced overall package'. UBS called them 'extreme' and 'lack[ing] international alignment'. https://ft.trib.al/ZtwEYS1