07:50 AM EDT, 09/15/2025 (MT Newswires) -- The Swiss parliament's upper house is set to vote on Monday over delaying new banking regulations that would raise UBS Group's ( UBS ) capital requirements by about $3 billion, according to reports published the same day.

Reports said the senate will also vote on a proposal to bundle the legislation with a larger reform package that would increase the bank's capital requirements by as much as $26 billion. The vote could delay the smaller capital reform to 2029 from the government's initial plan of 2027, Bloomberg reported.

The vote is the senate's second attempt to delay the capital reform after the lower house voted against it last week, according to the report.

The proposed capital changes are intended to prevent a collapse similar to that of Credit Suisse in 2023.

UBS Group ( UBS ) called the $26 billion requirement "extreme" when first announced in June. It also has said it is considering moving its headquarters from Switzerland to the US amid the proposed capital requirements from Swiss regulators, the New York Post reported Saturday.

It did not immediately respond to MT Newswires' request for comment.

Shares of UBS Group ( UBS ) were up more than 1% in recent premarket activity.