LUCERNE, Switzerland, June 18 (Reuters) - UBS's CEO on
Tuesday hit out at critics urging Switzerland to regulate his
bank more aggressively after its 2023 takeover of Credit Suisse,
saying "fear" and "populist" critics were doing down the
business and the country's own prospects.
Speaking as the government and regulators mull plans to make
the bank hold more capital, UBS CEO Sergio Ermotti told an event
by the Institute for Swiss Economic Policy in Lucerne that UBS
was not only a major source of tax revenue for public coffers,
but also a "beacon" for the Swiss finance industry.