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Switzerland’s finance minister, Karin Keller-Sutter, has reaffirmed her opposition to a compromise proposal regarding new capital requirements for UBS Group AG. This stance dashes recent hopes that she might soften her position on the issue. The proposal, floated by lawmakers during ongoing debates, suggests a middle ground between the government’s current plans and the more stringent demands of some parliamentarians. However, Keller-Sutter remains firm, arguing that the original plan strikes the right balance between financial stability and maintaining Switzerland’s competitiveness as a global banking hub. The disagreement highlights the ongoing tension between ensuring robust safeguards for the banking sector and avoiding regulatory overreach that could disadvantage Swiss banks internationally.
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