0511 GMT - UBS Group will face a moment of truth over the coming weeks as the Swiss government is set to unveil details of a long-awaited new banking regulation, RBC Capital Markets analysts say in a note. Regulatory uncertainty weighed on UBS's shares over the past year, RBC says. UBS gave up an estimated $35 billion in market capitalization relative to its U.S. peers and $15 billion relative to smaller local rival Julius Baer, according to RBC. "Press reports point to the harsher treatment of foreign [subsidiaries] but there remains uncertainty on phase-in periods, potential mitigants and other elements of the update," the analysts say. RBC expects the change to lead to close to $25 billion in additional capital buildups with a phased implementation until 2033-34. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

May 21, 2025 01:12 ET (05:12 GMT)

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