UBS Gets Sign of Support from Swiss Lawmakers in Capital Row (1)

Swiss lawmakers criticized a government proposal on parts of new capital rules affecting UBS Group AG, in an early signal of support in parliament for a softer stance on the country’s largest bank.

The lower house’s economy and taxation committee — which is in charge of financial regulation — voted on Tuesday in favor of sending a letter to the government to that effect following a debate on capital quality rules, according to a statement.

“Care should be taken not to exceed international standards and common practice in competing financial centers,” lawmakers said in the letter. “The stricter ...