UBS on the brink of Switzerland’s ‘too big to fail’ reckoning

Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding. The Swiss government is this month due to publish its recommendations for policing banks that are "too big to fail", which could saddle UBS with tougher business rules. In what is expected to be a several hundred-page report, the capital requirement section will be particularly scrutinised, with UBS potentially having to find tens of billions of extra dollars to safeguard against a Credit Suisse-style meltdown.