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ubs revises emergency plans following credit suisse integration and regulatory demands
UBS is required to revise its restructuring and liquidation plans following the integration of Credit Suisse, as mandated by the financial market supervisory authority, Finma. The bank must expand its options for insolvency, including the potential sale or shutdown of individual businesses, while also standardizing its group structures and processes. As a globally systemically important institution, UBS must develop comprehensive stabilization and emergency plans to ensure the continuity of critical functions in case of financial distress.
cac 40 outlook mixed as market awaits chinese economic recovery
The CAC 40 index faces challenges due to France's political instability and uncertainty in the Chinese economy, impacting luxury goods stocks significantly. A key resistance level at 7735 points could signal a bullish reversal if breached, while a drop below 7300 points may lead to further declines. Upcoming economic data will be crucial for market sentiment.