Swiss lawmakers have assured senior UBS executives that they will water down stringent new rules as Bern finalises a decision on how much capital the country’s largest bank should hold. Senior parliamentarians have privately told UBS executives they would come up with a compromise on the finance ministry’s proposals, which would increase its capital requirements by $22 billion (CHF17.6 billion), according to people familiar with the situation. The “too big to fail” reform package was unveiled last year by Swiss Finance Minister Karin Keller-Sutter in response to the collapse of Credit Suisse in 2023. The government’s decision could be published as soon as April, while the most contentious element – the foreign capital requirements – will move to parliament for debate. The issue has raised questions over Switzerland’s position as a global financial centre. Regulators argue that the rules are necessary to protect depositors, while critics say it will harm the country’s competitiveness.