
BERLIN, June 6 (Reuters) - The Swiss National Bank said on Friday that UBS UBSG.S will be able to comply with the government's proposed adjustments to capital regulations and still distribute a large part of profits to shareholders due to a sufficiently long transition period.
"UBS has a profitable business model and its profitability targets imply annual profits of over $10 billion after the integration of CS (Credit Suisse)," said the SNB in a statement.
The SNB added there are no signs that the targeted gradual build-up in capital would have any noticeable negative effect on the Swiss economy.