UBS has been urged by the Swiss stock exchange regulator, Finma, to improve its contingency plans after integrating Credit Suisse.

Finma has halted the annual approval of UBS's stabilization and contingency strategies, stressing the need for additional measures to strengthen crisis preparedness and liquidation plans for systemically important banks.

UBS has stated that it is actively developing its contingency plans in response.

Finma has confirmed that UBS currently meets the solvency requirements under its preferred crisis recovery strategy.

The regulator insists that UBS's contingency plan must ensure uninterrupted operations of the Swiss entity, even in the face of potential insolvency risks.

Finma has highlighted the lessons learned from the Credit Suisse crisis, particularly the challenges posed by rapid deposit withdrawals, and has emphasized the importance of liquidity generation measures.

UBS's acquisition of Credit Suisse in March 2023 was a response to the latter's severe liquidity crisis.