Swiss National Bank Praises UBS Foreign Unit Backing

The Swiss National Bank has expressed satisfaction with the 90% Common Equity Tier 1 backing for UBS's foreign units. According to SNB Vice Chairman Antoine Martin, this level of backing is a good outcome.

Martin emphasized that more CET1 capital backing of foreign participations would be beneficial from a financial stability perspective. He reiterated the central bank's previous position on the matter.

While full backing with 100% CET1 capital would have been ideal, Martin acknowledged that this level is not achievable in all cases.