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Aymo Brunetti, a professor at the University of Bern, emphasized the critical need for an orderly resolution framework for major banks like UBS, especially following the forced merger with Credit Suisse during the 2023 crisis. He warned that without a "Too Big To Fail" regime, UBS faces dire consequences if it were to fail. Brunetti spoke at the Financial Market Authority Liechtenstein's stability report presentation for 2024.
Financial Market Authority Liechtenstein (FMA)
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importance of orderly resolution for big banks highlighted by expert
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Financial Market Authority Liechtenstein (FMA)
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UBS AG
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Aymo Brunetti
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06:00 08.11.2024
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