UBS separation undergoing

UBS  asset management goes alone in  Switzerland to  improve  its  funding ratios.  The Swiss parliament refused  recently a new banking law to split investment  from private banking as in the UK
http://www.letemps.ch/Page/Uuid/91abe6a4-5395-11e3-9743-6970ad935056/La_Finma_pourrait_nous_accorder_un_rabais_de_fonds_propres#.Upif-sSUQcc