Studies say that UBS’s hidden countries guarantee billions of dollars.

Zurich, January 29th (Reuters) -Swiss Bank UBS effectively benefited from a study by University of Bern.

This study was published on Tuesday. In the parliament, it was considered how to take over the BTS (RBS) competitors (RBS), which was subsequently taken over by UBS (UBS), in 2023. The debate of the regulations was debated.

The University of Berne studied the Swiss plan and plans to create a so -called public liquidity background (PLB) to protect the systemic banks in the crisis.

It said that UBS’s position as a lender was considered too much to fail, constituting state guarantees, and reduced the bank’s capital cost at least $ 2.9 billion in 2022.

When Reuters asked the report, UBS mentioned the previous statement of CEO Sergio Ermotti, and he raised his objection to the bank’s guarantee.

Elmotti said in 2024 that UBS has the ability to absorb $ 200 billion in losses and does not rely on taxpayers to bear risk.

The 32 -page university study said: “The government provides the guarantee of liquidity support, such as other faults (TBTF) policies, effectively subsidize the non -transforming bond financing of SIBS (systematic banks).”

Its effect is “encouraging the financing model with heavy leverage. This model combines limited liability, which will distort shareholders and management incentive measures.”

Swiss Finance Minister Karin Keller-Sutter said in April that she believed that UBS had hidden state guarantees.

In order to help PLB, the government said in 2023 that Swiss francs will be suitable for five SIBs in 2022 in the scope of US $ 70 million to US $ 210 million ($ 77 million to $ 232 million).

UBS’s acquisition of Credit Switzerland was designed with the support of the Swiss authorities. It has created a bank with a liability statement far greater than the Swiss economy and has inspired a call for stricter supervision of the mergers. (Editors of Arian Luthi and Oliver HiRT, editors of Dave Graham and Barbara Lewis))