UBS Faces Tougher Capital Requirements Ahead of Key Vote

Swiss National Bank Vice President Antoine Martin has reaffirmed his support for the 'Hard Capital' plan, which would require UBS Group AG to back its units abroad with high-quality equity capital in Switzerland.

Martin made these comments ahead of a key vote on the matter. At present, lawmakers are discussing potentially watering down this requirement, but Martin believes that the government's tougher proposal remains optimal.