UBS has been instructed by FINMA to improve its recovery plans in order to be better prepared for potential insolvency scenarios.
The Swiss financial regulator has emphasized the importance of the bank developing stronger resolution strategies, ensuring a wider range of options is available in times of financial distress.
This directive is part of ongoing efforts to enhance the stability of major financial institutions in Switzerland, demonstrating a proactive approach to risk management in the banking sector.
UBS is now responsible for revising its plans to align with these regulatory expectations, with the aim of strengthening its resilience against future economic challenges.