Swiss National Bank says 90% capital plan for UBS a good outcome - Reuters

The Swiss National Bank has described the government's plan requiring UBS to hold capital equal to 90% of its risk-weighted assets as a good outcome, according to Reuters. The proposal forms part of Switzerland's broader effort to strengthen its banking system following the emergency takeover of Credit Suisse.

The relevance here is regulatory rather than operational. Capital requirements determine how much loss-absorbing equity a bank must hold against its loans and trading positions. A higher threshold generally means UBS retains more earnings rather than returning all of them to shareholders, which can influence how the market values the bank's dividend capacity and buyback plans. It may also affect the pricing of UBS shares and debt.

For investors, the key question is timing and final calibration. This is a stated position from the central bank, not a completed rule, so the figure could still shift through the legislative process. Watch for formal parliamentary decisions, any adjustments to the ratio, and UBS's own guidance on how it intends to meet the requirement. Those details, rather than the headline number alone, will shape the practical impact.