UBS executives express serious concerns over Swiss government s plan for tougher capital requirements, fearing the need for $15-25 billion in additional capital. Chairman Colm Kelleher stresses distributing excess capital to shareholders despite challenges, asserting UBS is well-capitalized and not "too big to fail."
In March this year, UBS agreed to pay 3 billion Swiss francs or $3.37 billion and assume upto 5 billion francs in losses for Credit Suisse after lowered customer confidence brought it to the brink of collapse.