Financial Regulatory Forum

Swiss may need laws on banks’ structure-experts

April 22, 2010

    BERNE, April 22 (Reuters) – Switzerland may have to force its large banks UBS<UBSN.VX> and Credit Suisse<CSGN.VX> to change their structure in order to limit the risks for the economy should either collapse, a government commission said on Thursday. (more…)

Former UBS chairman willing to give evidence-report

March 9, 2010

   ZURICH, March 9 (Reuters) – Former UBS <UBS.N><UBSN.VX> chairman Marcel Ospel is willing to give evidence to a parliamentary committee into the Swiss government’s bailout of the bank during the financial crisis, daily Blick reported on Tuesday. (more…)

Swiss minister says US insists on UBS tax deal – paper

By Reuters Staff
February 11, 2010

ZURICH, Feb 11 (Reuters) – The Swiss government will probably have to turn to parliament to resolve a legal impasse threatening a deal struck with the United States to hand over data from UBS AG clients, a minister was quoted as saying.

Swiss minister sees economic risk in U.S. tax dispute over UBS, shares fall

By Reuters Staff
February 1, 2010

By Lisa Jucca

ZURICH, Feb 1 (Reuters) - Shares in UBS AG fell to a 6-1/2 month low on Monday after the justice minister underscored the risk to the Swiss economy should the bank’s settlement of a U.S. tax dispute unravel.

ANALYSIS-Banks not out of woods after Swiss tax ruling

By Reuters Staff
January 29, 2010

By Kim Dixon

WASHINGTON, Jan 29 (Reuters) – The Swiss court ruling in favor of a U.S. client who stashed funds in a UBS account sets a higher hurdle to aggressive efforts by the U.S. government to go after other banks helping wealthy tax cheats — but the banks are not out of the woods yet.

Switzerland, France settle dispute over tax records

By Reuters Staff
January 27, 2010

DAVOS, Switzerland, Jan 27 (Reuters) – Switzerland and France settled a row over stolen bank records on Wednesday that was blocking a treaty aimed at helping Paris catch tax cheats.

Swiss government moves to save UBS tax deal

By Reuters Staff
January 27, 2010

BERNE, Jan 27 (Reuters) – The Swiss government is to talk to the U.S. authorities in a bid to resolve a legal impasse that has threatened to derail a key tax deal over UBS client data, it said on Wednesday.

Obama plan could hurt U.S. banks-Swiss banker

January 25, 2010

   ZURICH, Jan 25 (Reuters) – U.S. President Barack Obama’s proposals to split traditional banking activities from riskier areas will harm U.S. banks without international co-ordination, a prominent Swiss banker said in Monday’s Financial Times. (more…)

UBS client wins Swiss appeal against data handover, tax deal in question

By Reuters Staff
January 22, 2010

ZURICH, Jan 22 (Reuters) – A client of Swiss bank UBS won an appeal to prevent her account data being handed over to U.S. authorities as part of a deal to give details on 4,450 clients to the U.S. taxman, a court said.

Swiss regulator cuts UBS bonus pool – report

January 18, 2010

   GENEVA, Jan 17 (Reuters) – Swiss regulators have cut the proposed bonus pool at UBS <UBSN.VX>, which needed a state rescue in 2008, by about one quarter, Swiss weekly Sonntags-Zeitung said on Sunday. (more…)