12:21 PM EDT, 04/22/2026 (MT Newswires) -- UBS Group (UBSG.SW) again voiced its opposition against Switzerland's proposed changes to capital adequacy rules following the collapse of Credit Suisse, warning that these would have "far-reaching consequences"for the country's economy.

"UBS continues to strongly disagree with the proposed package, which is extreme, lacks international alignment and disregards concerns expressed by the majority of respondents to the government's consultations,"the banking group said Wednesday in response to the Swiss Federal Council's announcement.

The council's proposal also includes the full deduction of investments in foreign subsidiaries from the bank's common equity tier 1 capital, which would lead to UBS increasing its CET 1 capital by $20 billion.