UBS in discussion with Swiss government for a loss protection agreement from Credit Suisse buy

(Reuters) – UBS Group AG has been in active discussions with the Swiss government and its representatives to agree to detailed terms and negotiate a definitive loss protection agreement related to its deal to buy Credit Suisse, UBS disclosed in a regulatory filing.

“UBS Group AG is engaged in discussions with FINMA regarding adjustments to and transitional measures for certain prudential capital requirements, risk weighted assets measures, and other capital and liquidity requirements for the combined firm,” the bank said in the filing.


(Reporting by Manya Saini in Bengaluru)