Exclusive-UBS urges Swiss government to clarify capital demands, sources say

UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors, sources familiar with the matter said. Some of the lender’s top executives had been relieved by the ‘too-big-to-fail’ proposals the government published in April in response to Credit Suisse’s collapse, the sources said, seeing them as surprisingly mild and fluid. But they have since grown concerned by signs from Stefan Walter, the new head of Swiss regulator FINMA, that he wants UBS to hold more capital, the people said.

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