Switzerland Set to Soften Some UBS Capital Rules, TP Reports

The Swiss government is set to present softened bank capital rules later today, according to the news portal Tippinpoint, in a move that would reduce the expected impact for UBS Group AG.

The so-called ordinance will allow UBS to continue counting deferred tax assets toward its regulatory capital, the report said citing unidentified sources. UBS will also be allowed to remove software from that metric over a period of three years, it said.