UBSG.SW
ZURICH, Sept 22 (Reuters) – Swiss Finance Minister Karin Keller‑Sutter and UBS chief executive Sergio Ermotti on Tuesday defended their conflicting positions on new Swiss capital regulations during a final round of appeals ahead of a crucial parliamentary vote on Wednesday.
Keller‑Sutter, who supervised UBS’s acquisition of Credit Suisse economic asset.
“We are very concerned that this would make us uncompetitive and ultimately call into question the sustainability of the <a he told the same audience in Zurich.
“Over the coming weeks and months, we will shape the future of the financial center for the next 10 to 20 years,” Ermotti added.
After the upper chamber votes, the capital‑rules bill will proceed to the lower house, with a final verdict anticipated no earlier than the end of this year and more probably in 2027.
