UBS and Credit Suisse face tougher capital rules

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Switzerlands two biggest banks, UBS and Credit Suisse, are touting significantly bolstered capital levels to counter a future financial crisis. But the Swiss Financial Market Supervisory Authority FINMA this week announces rules, in line with Basel II and European Union agreements, that will triple requirements for trading activity and boost those for securitized investments, which contributed to major losses in the 2008 meltdown.

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