• UBS backed targeted, internationally aligned changes to Swiss banking rules, including closer alignment of AT1 instruments with global practice.
• It warned WAK-S recommendations would materially raise costs, tightening already stringent Swiss capital requirements amid global deregulation elsewhere.
• Proposals would lift backing for foreign-subsidiary investments to 50% CET1 and up to 50% AT1, from 45% CET1 and 15% AT1.
• UBS estimated about USD 13 billion of incremental Tier 1 capital at UBS AG, on top of USD 2 billion from earlier ordinance changes.
• Total incremental Tier 1 since the Credit Suisse acquisition seen at about USD 30 billion; ordinance changes expected to remove USD 4 billion CET1 at group level.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UBS Group AG published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.