UBS chairman Colm Kelleher stated that the bank should not face penalties for its role in the government-brokered takeover of Credit Suisse, emphasizing that stepping in to stabilize the financial system should be rewarded, not penalized. He argued that a private resolution would have been preferable for Credit Suisse, despite acknowledging the challenges it would have posed. Kelleher also reported that the integration process is progressing well, with a focus on technology and client migration in Asia, and expressed no concerns about liabilities from Credit Suisse.
