Swiss financial regulator FINMA monitors UBS's vetting of wealthy Credit Suisse clients during integration.
FINMA, Switzerland's financial regulator, is closely monitoring UBS's vetting process for wealthy Credit Suisse clients as UBS integrates its former rival. FINMA reviewed UBS's filters and risk assessments for potential clients, ensuring problematic individuals are not transferred. This scrutiny highlights the challenges UBS faces in integrating Credit Suisse and maintaining Swiss financial stability following the takeover.
July 30, 2024
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