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Swiss lawmakers remove contentious pay cap from remuneration motion
Published by Global Banking and Finance Review
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
Swiss lawmakers amend banker pay motion, removing cap and focusing on fair incentives for major banks like UBS.
ZURICH (Reuters) -A Swiss parliamentary committee on Tuesday said it had voted to amend a motion on pay curbs for bankers, replacing a contentious plan to cap their remuneration at 5 million Swiss francs ($6.20 million) with a pledge to ensure incentives are not skewed in future.
Bonuses should be withheld in the absence of business success, the lower house economic affairs and taxation committee said in a statement, while limiting the proposed rule to systemically important banks like UBS.
The amendment comes amid a contentious debate on how to regulate UBS, the country's biggest bank. It removed the pay cap from the motion barely two weeks after the United States imposed some of its highest import tariffs on Switzerland.
The motion to police bankers' pay must still be voted on by both houses of parliament.
($1 = 0.8069 Swiss francs)
(Reporting by Ariane LuthiEditing by Dave Graham)
The Swiss parliamentary committee voted to amend a motion on pay curbs for bankers, removing a plan to cap their remuneration at 5 million Swiss francs.
The committee stated that bonuses should be withheld in the absence of business success, but limited the proposed rule to systemically important banks.
The amendment comes amid a contentious debate on how to regulate UBS, Switzerland's largest bank, and was made shortly after the U.S. imposed similar regulations.
The motion to regulate bankers' pay still needs to be voted on by both houses of parliament before it can be enacted.
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