In a recent interview with Migros Magazine , UBS CEO Sergio Ermotti discussed several key topics: Banking Regulation: Ermotti cautioned against Switzerland adopting overly stringent banking regulations that could disadvantage its financial sector compared to global hubs like London, Hong Kong, and Singapore . He emphasized the need for proportionate measures, warning that excessive rules might weaken the industry's competitiveness . (Reuters) Integration of Credit Suisse: Following UBS's acquisition of Credit Suisse , Ermotti reported that the integration process is progressing smoothly, with the primary challenge being the complex IT migration . He reassured that the combined entity possesses substantial reserves, making it unlikely for taxpayers to incur losses even if issues arise. (Reuters) Executive Compensation: Addressing criticism over his 2023 compensation of 14.4 million Swiss francs, Ermotti expressed surprise at the focus on executive pay in banking,...