Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
UBS Group Chairman Colm Kelleher on Wednesday said that the Swiss bank is "not too big to fail," as he criticized Swiss government proposals to strengthen its capital requirements.
The Swiss government earlier this month made a range of recommendations aimed at protecting the wider economy from potential instability at UBS and three other major banks.Chairman Colm Kelleher on Wednesday said that the Swiss bank is "not too big to fail," as he criticized Swiss"UBS is not too big to fail. UBS is one of the best capitalized banks in Europe, with a sustainable business model and a corresponding low-risk balance sheet," Kelleher said.
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