Swiss financial regulator FINMA asks UBS to enhance emergency plans due to insolvency risks.

The Swiss financial regulator, FINMA, has called on UBS to strengthen its emergency plans due to potential insolvency risks. This request follows FINMA's decision to pause its annual assessment of UBS's crisis measures, prompting the bank to reevaluate its strategies. FINMA highlights the importance of developing additional crisis management options, informed by lessons learned from the Credit Suisse crisis, to better prepare systemically important banks.

October 15, 2024
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