Swiss Finance Chief Says UBS Lobby Campaign Is Noisy But Futile

Switzerland’s government won’t be swayed by UBS Group AG’s lobby campaign against stricter capital requirements for the nation’s biggest bank, according to Finance Minister Karin Keller-Sutter.

“UBS’s lobbying is highly visible and unmistakable,” she told public broadcaster SRF on Tuesday. “It’s obviously also resonating in various places. But once again: the Federal Council can’t allow itself to be impressed by lobbying, but must look after the interests of taxpayers.”