UBS slips as focus falls on Swiss capital rules uncertainty

** Shares in Swiss bank UBS UBSG.S slip about 2% as investors focus on uncertainty around new Swiss capital rules, while Q3 results paint a mixed picture

** "The shares remain exposed to ongoing uncertainty and volatile market reactions linked to the political process surrounding future capital requirements" say Zuercher Kantonalbank

** Citi also highlights that focus on UBS will continue to be on any business implications from the new Swiss capital rules

** UBS net profit rises 8% y/y to $2.69 bln, roughly in line with the company-provided consensus of $2.71 bln

** Vontobel, however, flags the lender misses underlying pre-tax profit estimates after 10 consecutive quarterly beats

** Wednesday's fall reduces the stock's YTD gains to 2.71%