[UBS Suffers Setback, Swiss Lawmakers Vote in Support of Raising Capital Requirements] UBS Group AG suffered a setback on Wednesday, with Swiss lawmakers voting by a clear margin to support a plan that could ultimately force the global wealth management giant to hold billions of dollars in additional capital. The Swiss upper house of parliament passed an amendment to the government regulatory reform bill by a vote of 29 to 16, requiring UBS to cover up to 90% of the value of its overseas subsidiaries with high-quality equity capital. This is only a small adjustment to the government's original 100% coverage plan, and it is also a stage victory achieved by Swiss Finance Minister Karin Keller-Sutter. She has spent the past two years pushing Switzerland's largest bank to boost capital levels to ensure its overseas operations can be safely sold during the crisis. UBS CEO Andersson and Chairman Colm Kelleher had previously opposed the 90% plan, instead supporting an alternative plan that would significantly increase the use of convertible debt to achieve the same goal.