
BERN, June 6 (Reuters) - UBS UBSG.S will find it more expensive to expand abroad as a result of new government proposals to make the Swiss finance sector more resilient, Swiss Finance Minister Karin Keller-Sutter said on Friday.
Under the proposals, which could make UBS hold up to $26 billion in core capital, big banks will have to fully capitalise their foreign units.
"I don't believe that the competitiveness will be impaired, but it is true that growth abroad will become more expensive." said Keller-Sutter told reporters in Bern.
Still, banks would become more stable as a result and more attractive in areas like asset management, she said.