ZURICH, March 20 (Reuters) - Financial stability would be best served by UBS (UBSG.S) , opens new tab fully capitalising its foreign subsidiaries, Swiss National Bank Vice Chairman Antoine Martin said on Thursday.

Martin was responding to a question in a press conference about whether making UBS fully capitalise its foreign units could prompt the bank to leave Switzerland.

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He said Switzerland was an attractive place for banks and noted the SNB had a mandate to uphold financial stability.

"From the perspective of financial stability, a complete deduction of foreign participation is the best solution," Martin told reporters, noting the matter was up to the bank.

"But we don't comment on what the banks would do."

https://www.reuters.com/business/finance/financial-stability-best-served-by-full-capitalisation-ubs-foreign-units-snb-2025-03-20/