UBS CEO Attends Swiss Parliament as Capital Debate Kicks Off

UBS Group AG Chief Executive Officer Sergio Ermotti was among attendees at a meeting to kick-start the legislative process that will determine the bank’s future capital needs.

A closed-door hearing of the Upper House’s Economic Affairs and Taxation Committee began in the morning, and will help set the terms of the debate in the parliamentary chamber that will vote on the bill first, potentially as early as June.