Swiss Lawmakers Ponder Less Capital Backing for UBS, Delay Bill

Swiss lawmakers want to discuss different options for UBS Group AG’s capital requirements, giving the bank the prospect that a strict government plan may be watered down and creating a delay of several months just as the legislative process gets started.

The first hearing of the bill in the Upper House’s Economic Affairs and Taxation Committee on Monday concluded without a recommendation on whether lawmakers of the chamber should support or reject the proposal, according to a statement confirming an earlier Bloomberg report.