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Swiss regulator orders UBS to strengthen emergency plans
UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash, Swiss regulator FINMA said on Tuesday.
Swiss regulator orders UBS to bolster emergency plans
The Swiss financial regulator has ordered UBS to bolster its emergency and recovery plans in light of the added risk it has taken on following its takeover of Credit Suisse last year. Finma on Tuesday said it had suspended its annual approval of UBS’s resolution strategy — commonly known as its “living will”,
Swiss regulator orders UBS to strengthen emergency protocol
The bank must step up its risk management given the takeover of Credit Suisse, according to the regulator FINMA. View on euronews
Swiss regulator orders UBS to strengthen emergency, recovery plans after Credit Suisse takeover
FINMA said it had suspended annual approval of UBS’s resolution plans while Switzerland’s last globally systemically important bank overhauls its approach as it integrates its former rival
1d
on MSN
UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues
UBS's "House of Craft" campaign, which highlights artisanship, is the bank's first experiential brand initiative since its ...
3d
What about me? UBS, Credit Suisse tech integration misfires with advisers
Street Talk understands wealth advisers are fired up about a global edict that will keep them wedded to the Credit Suisse ...
4d
UBS Must Revise Post-Takeover Emergency Plans, Finma Says
UBS Group AG must revise its emergency planning and ensure it can be safely wound down in a crisis, taking account of the ...
4d
UBS Asked to Overhaul Living Will as It Swallows Credit Suisse
As UBS works to integrate Credit Suisse, the Swiss bank's main regulator has issues with its living will. Since the 2008 financial crisis, banks globally need to have resolution plans, detailing how ...
devdiscourse
4d
UBS Urged to Fortify Crisis Strategy Post Credit Suisse Acquisition
Swiss regulator FINMA has directed UBS to enhance its emergency plans following the acquisition of Credit Suisse, aimed at ...
9d
on MSN
UBS tech chief says Credit Suisse integration is on track after test run
UBS's technology chief is confident that the hugely complex integration of Credit Suisse, bringing its former rival's clients ...
fstech
9d
Successful test run puts UBS on track with massive Credit Suisse integration
UBS's integration of Credit Suisse clients and data is proceeding according to plan following a successful test migration in ...
devdiscourse
4d
UBS Sharpens Crisis Strategy Post-Credit Suisse Debacle
UBS has initiated improvements to its crisis management strategy following the Credit Suisse turmoil, according to a ...
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