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ZURICH (Reuters) – The Swiss Nationwide Financial institution’s vice chairman known as for an in-depth evaluation of UBS’s capital necessities in an interview with Swiss newspaper Finanz und Wirtschaft on Thursday.
“We aren’t saying at this stage that extra capital is required,” Martin Schlegel stated.
“This should first be analysed in depth.”
Schlegel stated UBS’s capital must be organised in such a means that it may higher take up losses. He additionally harassed the significance of a adequate high quality and amount of capital being obtainable.
“It’s undisputed that we want changes to the too-big-to-fail regime,” he stated.
Within the interview, Schlegel declined to touch upon whether or not he would think about changing Chairman Thomas Jordan, who not too long ago introduced he can be stepping down in September.
“The central financial institution could be very well-staffed, and continuity on the SNB is in any case assured,” he stated.
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