UBS President Calls for Stronger Banking Supervision in Switzerland

UBS President Calls for Stronger Banking Supervision in Switzerland

By
Viktorija Petrović
1 min read

UBS President, Colm Kelleher, emphasizes that imposing higher capital requirements on UBS would be detrimental to the bank's shareholders and customers. Instead, he advocates for granting increased authority to Switzerland's banking supervision, calling for the imposition of fines and the dismissal of managers deemed incompetent. In addition, Kelleher underscores the necessity of aligning top management compensation with long-term objectives, as evidenced in his interview with the Neue Zürcher Zeitung.

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