Swiss Lawmakers Vote to Move Ahead on Bank Capital Revamp (2)

Swiss lawmakers voted to stick to the existing timetable for introducing new rules on bank capital quality, meaning that UBS Group AG’s capital requirements for those specific measures are set to rise by some $3 billion.

On Monday, the lower house voted 104 to 86 against delaying the measure by bundling it with other reforms launched after the demise of Credit Suisse, which are likely to lead to a much bigger rise in capital requirements. The immediate change is supposed to update how lenders have to quantify intangible items such as deferred tax assets, in-house software and other hard-to-value ...