UBS to Revise Emergency Plans
Swiss regulator orders UBS to strengthen emergency plans
UBS must improve its emergency and recovery plans following its takeover of Credit Suisse to ensure it can be wound down or sold without risking financial stability and taxpayer cash, Switzerland's financial regulator said on Tuesday.
UBS to Revise Emergency Plans as Result of Takeover, 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 integration of Credit Suisse, financial supervisor Finma said.
UBS set to undergo revisions thanks to FINMA
The acquisition of Credit Suisse will cause revisions to UBS' recovery and emergency plans according to FINMA.
Swiss regulator tells UBS to strengthen its crisis 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.
UBS Must Revise Post-Takeover Emergency Plans, Finma Says
UBS Group AG must revise its plans for emergency recovery and resolution to take account of the integration of Credit Suisse, Swiss financial supervisor Finma said.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms,
Regulator tells UBS to strengthen crisis 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 following its takeover of Credit Suisse last year. In a statement on Tuesday, Finma said it had suspended its annual approval of UBS’s resolution strategy — which banks have to draw up in case they run into difficulties — and called on the bank to create a new plan.
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
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