UBS has been instructed by the Swiss Financial Market Supervisory Authority (Finma) to improve its crisis contingency plan after acquiring Credit Suisse in 2023.

Finma has stressed the importance of a stronger liquidation strategy to ensure the bank can be effectively wound up in the event of significant financial difficulties. The regulator has emphasized the need for UBS to broaden its liquidation plan, allowing for decisive actions in case of insolvency risks. It is crucial for the bank to have the capability to exit the market by divesting certain business segments or selling itself, while maintaining systemic stability and avoiding reliance on taxpayer funds.

Furthermore, Finma has announced the suspension of the annual assessment of stabilization and liquidation plans for UBS and two other key financial players for the current year.