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Institut auf dem Rosenberg Opens 2026/27 Admissions, Emphasizing Diversity and Individuality Over Sole Academic Merit

Institut auf dem Rosenberg Opens 2026/27 Admissions, Emphasizing Diversity and Individuality Over Sole Academic Merit

Institut auf dem Rosenberg, recently ranked as the 'Best Boarding School in the World' by Premium Europe, announces the opening of its admissions cycle for the 2026/27 academic year. With all grades currently operating on a waitlist basis, the school continues to attract exceptional applicants, with only a select few gaining direct admission.
'Academic excellence is fundamental, but it's the unique personalities, talents, and perspectives that truly enrich our community,' said Anita Gademann, Board Member and Head of Innovation. 'We seek students who not only excel in academics but also bring distinctive qualities that contribute to a vibrant and forward-thinking environment.'
Rosenberg's commitment to individualized education is evident in its unparalleled Talent & Enrichment Programme. Offering over 100 courses – from robotics and artificial intelligence to fashion design and international law – the programme provides students with real-world experiences beyond traditional academics.
The school's state-of-the-art facilities, including the Creative Lab and Future Park, support this innovative curriculum, fostering an environment where creativity and critical thinking thrive.
With a student body representing over 60 nationalities and an average class size of eight, Rosenberg ensures personalized attention and a multicultural learning experience. The school's Individual Development Plan (IDP®) further tailors education to each student's strengths and aspirations.
By valuing character and diversity alongside academic prowess, Institut auf dem Rosenberg continues to set the standard for education, cultivating a community where future leaders thrive.
About Institut auf dem Rosenberg:Founded in 1889, Institut auf dem Rosenberg is a prestigious Swiss boarding school located in St. Gallen. Known for its individualized education, innovative Talent & Enrichment Programme, and cutting-edge facilities, Rosenberg prepares students aged 6 to 19 for success in a rapidly evolving global landscape. For more information, please visithttps://instrosenberg.ch

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Swiss government proposes requiring banks to hold more capital
Swiss government proposes requiring banks to hold more capital

UPI

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  • UPI

Swiss government proposes requiring banks to hold more capital

Switzerland's Federal Council Friday submitted new capital requirements for mega-banks like UBS in the wake of the Credit Suisse crisis. It requires UBS to hold $26 billion more in core capital. The Swiss National Bank and financial regulator FINMA both backed the proposed capital requirement changes. Photo by Hugo Philpott/UPI | License Photo June 6 (UPI) -- Switzerland's Federal Council Friday submitted new capital requirements for mega-banks like UBS in the wake of the Credit Suisse crisis. It requires UBS to hold $26 billion more in core capital. The Swiss Federal Council said in a statement that a review of the Credit Suisse crisis showed reforms are needed to reduce risks for the state, taxpayers and the economy. "These include stricter capital requirements for systemically important banks with foreign subsidiaries, additional requirements on the recovery and resolution of systemically important banks, the introduction of a senior managers regime for banks and additional powers for the Swiss Financial Market Supervisory Authority (FINMA)," the Federal Council statement said. The council is proposing amendments to the Banking Act in the wake of the Credit Suisse crisis that led to the UBS/CS merger. The Swiss National Bank supported the proposed amendments. "The Swiss National Bank supports the amendments at legislative and ordinance level planned by the Federal Council in the areas of capital and liquidity requirements for systemically important banks, early intervention, and recovery and resolution planning. The measures planned are key to strengthening banks' resilience and their resolvability in a crisis, and thus the stability of the financial system." "The crisis at Credit Suisse highlighted weaknesses in the regulatory framework. The regulatory adjustments now planned constitute a package of measures drawing the right lessons from this crisis." One major concern about UBS is its ability to cope with losses in its foreign units, and that's one of the reasons the Swiss government is increasing capital requirements. FINMA said it also backs the proposed changes ot the Banking Act. "FINMA welcomes the planned introduction of several preventive and disciplinary instruments that will set the right incentives for supervised institutions and thus make a decisive contribution to reducing the likelihood of crises and resolution occurring in the Swiss banking centre." FINMA said in particular, it supports, "the planned new statutory powers for FINMA in the areas of corporate governance, early intervention, recovery and resolution, as well as the introduction of higher capital requirements for systemically important banks with subsidiaries abroad." Morningstar senior equity analyst Johann Scholtz said in a note, "While winding down Credit Suisse's legacy businesses should free up capital and reduce costs for UBS, much of these gains could be absorbed by stricter regulatory demands." The new capital rules would require UBS to fully capitalize its foreign branches and do fewer stock buybacks. UBS took over Credit Suisse in 2023, with the government underwriting $10 billion in UBS losses created by the takeover.

Switzerland hits UBS with $26 billion added capital requirement; shares rise
Switzerland hits UBS with $26 billion added capital requirement; shares rise

Yahoo

time2 hours ago

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Switzerland hits UBS with $26 billion added capital requirement; shares rise

By Ariane Luthi and Oliver Hirt BERN (Reuters) -The Swiss government on Friday proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold $26 billion more in core capital, confirming some of the bank's worst fears about incoming new regulations. The key proposal, which the bank would have six to eight years to prepare for after it became law, is that UBS must fully capitalise its foreign units, confirming what many analysts, lawmakers and executives had been expecting. UBS shares, which have lagged European peers amid uncertainty about the new rules, jumped after the proposals were made public on Friday afternoon, rising by more than 6% and on track for their best day since May 2024. The government said its capital requirement proposal would allow UBS to reduce its holding of Additional Tier 1 (AT1) bonds by $8 billion. Today, UBS must only 60% capitalise its foreign units and can cover some of the capital with AT1 debt. UBS executives say the additional capital burden will put the Zurich-based bank at a disadvantage to rivals and undermine the competitiveness of Switzerland as a financial centre. Such was the shock in Switzerland over the 2023 collapse of Credit Suisse that top politicians led by Finance Minister Karin Keller-Sutter vowed to introduce more robust rules that would protect taxpayers and prevent another meltdown in future. Keller-Sutter now holds Switzerland's rotating one-year presidency and Friday's announcement will start a long period of political wrangling over the measures, which the governing federal council called "targeted and proportionate." "They strengthen trust in the financial centre, which, in the view of the federal council, is central to its stability and competitiveness," the council said in a statement. A parliamentary inquiry last year noted that since UBS bought Credit Suisse for 3 billion Swiss francs ($3.65 billion) in March 2023, it has had a balance sheet bigger than the Swiss economy, and urged the government to take the foreign units into account. The federal council said it would present drafts on the proposals for consultations with stakeholders in the second half of 2025. Finance Ministry officials say laws requiring parliamentary approval will not enter force before 2028. Separate measures known as ordinances that can be issued directly by the government could apply from the start of 2027. A six to eight-year transition period looked appropriate for UBS to meet new rules on capitalising foreign units from when they come into force, the government said. That could give the bank until the mid-2030s to comply. POSSIBLE TARGET? Sources inside the bank have warned the new regulations could make UBS an appealing takeover target. Under the Swiss proposals, UBS's Common Equity Tier 1 (CET1) capital ratio could end up somewhat higher than those of global rivals, the government said. UBS's CET1 ratio of 14.3% could rise up to 17%, above rivals like JPMorgan at 15.8%, Morgan Stanley at 15.7%, and 15.3% at Goldman Sachs, it said. Shares in UBS rose more than 60% in the 12 months following its acquisition of Credit Suisse. But the stock has since sharply underperformed; UBS shares have lost about 5% in the past year, while a top European banking index climbed 37%. Analysts say the new regulations could trigger a rejig of UBS's business model, which now focuses on growth in the United States and Asia. To take the edge off the rules, the bank may be tempted to sell some assets, banking experts say. The Swiss government also set out piecemeal reforms to bolster the market regulator FINMA, which was heavily criticised for its response to the Credit Suisse collapse. These include measures aimed at holding bankers to account, giving the regulator the power to impose fines and making it easier to restrain pay and claw back bonuses. Still, the proposals come years after the European Union introduced similar measures in the wake of the 2007-2009 financial crisis. The government also proposed making it easier for banks to access liquidity from the Swiss National Bank. Barriers to transferring collateral to the SNB will also be removed. ($1 = 0.8222 Swiss francs) Sign in to access your portfolio

UBS buybacks may be hit by new capital rules: government
UBS buybacks may be hit by new capital rules: government

Yahoo

time2 hours ago

  • Yahoo

UBS buybacks may be hit by new capital rules: government

ZURICH (Reuters) -UBS may be able to carry out fewer share buy-backs in future following proposals that it should hold higher levels of core capital, the Swiss government said on Friday. The government proposed higher capital requirements for the lender's foreign units as part of wide-ranging new rules for UBS aimed at making Switzerland's financial centre more robust in the wake of the collapse of Credit Suisse in 2023. Dividend payments and organic growth should still be possible, subject to "appropriate transitions periods and provided profits have been generated," the government said. "The measure could mean that UBS will temporarily implement fewer share buybacks and reports a slightly lower return on equity along with lower risks," the government said in a statement. UBS Chairman Colm Kelleher in April reiterated the Swiss bank's intention to repurchase shares to the tune of $3 billion in 2025, despite the looming capital rule changes and global economic uncertainty. The growth of foreign subsidiaries or acquisition of foreign companies by UBS will still be possible, but will become more expensive because it has to be fully financed by the core capital, the government added. "The measure can therefore make foreign growth in subsidiaries more expensive," it added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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