Nexus Europa — Sep 21, 2026, 09:00 AM UTC

UBS chief considers proposed Swiss capital rule compromise bearable

UBS CEO Sergio Ermotti described a Swiss proposal allowing AT1 bonds to meet new capital rules as "bearable" during a recent interview.

UBS Chief Executive Officer Sergio Ermotti stated that a regulatory proposal allowing the lender to utilize Additional Tier 1 (AT1) debt instruments to satisfy pending capital requirements would be "bearable."

Speaking in an interview with Swiss newspaper Neue Zuercher Zeitung, Ermotti addressed ongoing deliberations among lawmakers regarding heightened capital mandates following the bank's emergency acquisition of Credit Suisse. The potential framework permitting AT1 bonds offers a middle ground between stricter core equity demands and operational flexibility for the institution.

Swiss authorities continue to review regulatory structures to bolster financial stability while maintaining the international standing of the nation's banking sector.

Sources: Bloomberg

Public confidence damaged after convicted murderer absconds in Northern Ireland

Justice Minister Naomi Long says public confidence has been damaged after convicted murderer Gary Anderson absconded during temporary prison release in Northern Ireland.

Northern Ireland's Justice Minister Naomi Long has stated that public confidence in the justice system has been "damaged" following the escape of a convicted killer. Gary Anderson, who was sentenced to life imprisonment in 2023 for the 2018 murder of Karol Kelly in Londonderry, absconded during a period of temporary release from prison.

Anderson remains at large a week after failing to return to custody. The incident has raised significant concerns regarding the protocols surrounding temporary release schemes for high-risk offenders. Authorities are continuing their efforts to locate Anderson while reviewing the circumstances that allowed his disappearance.

Sources: BBC Northern Ireland