---
title: "UBS told to tone down lobbying in dispute with Swiss government, FT reports"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277569766.md"
description: "Swiss lawmakers have urged UBS to reduce its lobbying efforts and CEO Sergio Ermotti's public profile amid a dispute with the government over capital reforms. The reforms could require UBS to hold an additional $24 billion in capital for its foreign subsidiaries. UBS, which acquired Credit Suisse in 2023, is at odds with the government over these new rules designed to prevent future crises. Despite the pressure, UBS is reportedly not considering lowering Ermotti's profile, and plans to extend his tenure beyond 2027."
datetime: "2026-03-03T06:14:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277569766.md)
  - [en](https://longbridge.com/en/news/277569766.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277569766.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277569766.md) | [繁體中文](https://longbridge.com/zh-HK/news/277569766.md)


# UBS told to tone down lobbying in dispute with Swiss government, FT reports

March 3 (Reuters) - Swiss lawmakers have told UBS (UBSG.S) to tone down its lobbying campaign and reduce CEO Sergio Ermotti’s profile in its dispute with the government over capital reforms, the Financial Times reported.

The country’s largest bank has been at loggerheads with the Swiss government over the reforms - at the heart of which are proposals to make UBS fully capitalise its foreign subsidiaries - which could make it hold $24 billion in additional capital.

UBS acquired Credit Suisse after its old rival unravelled in 2023. The government then pledged to design new rules that aim to prevent a repeat of the crisis and ensure taxpayers would not be on the hook.

One person familiar with UBS’s lobbying efforts told the FT that lowering Ermotti’s public profile was not something the bank would consider.

UBS did not immediately respond to a request for comment. Reuters could not immediately verify the report.

UBS’s board of directors plans to keep Ermotti on for longer than originally planned, the Swiss newspaper Neue Zuercher Zeitung reported last month.

Ermotti, who oversaw the emergency takeover of Credit Suisse, was slated to step down by the middle of 2027, sources have said.

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