UBS Expects Gradual Rule Change on Swiss Deferred Tax Assets
Newly-proposed rules on how to value deferred tax assets will likely be introduced gradually, UBS Group AG Chief Financial Officer Todd Tuckner said, in a step that would delay their impact on the bank's capital requirements.
'It is reasonable to assume that there will be a phase-in period,' Tuckner said Wednesday at an investor conference hosted by Goldman Sachs, referring to capital deductions for DTAs and software.
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