Swiss banks, Credit Suisse and UBS saw shares drop by 4% in trading this morning. Shares in UBS were down 2.7%, while Credit Suisse fell 2.8%, lagging a 0.1% weaker European banking sector index SX7P.

Shares dropped after media reported Swiss politicians are considering tightening capital requirements for Swiss banks.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In a newspaper interview on Sunday, Swiss Finance Minister Eveline Widmer-Schlumpf said that Swiss banks should not be subject to higher leverage ratio requirements of 6-10%, stricter than the ratio set out by Basel III rules.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.