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A push to ease banking regulation, the rules that determine how much risk a lender can hold on its books and how much capital it must keep as a cushion, has found support among Swiss lawmakers.
The proposal is a victory for UBS, Switzerland's largest bank, and for its chief executive Sergio Ermotti. Here is what regulation means in this context. A bank does not get to decide entirely on its own how it operates.
Governments and financial authorities set requirements about how much capital a bank must hold and what losses it must be prepared to absorb. More regulation means tighter constraints.
Softer regulation means fewer of them. The short version: Switzerland's elected officials are calling for a lighter regulatory approach.
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