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BancaStato's Board of Directors faces scrutiny following the election of Michela Ferrari-Testa, a lawyer, as chair after the death of President Bernardino Bulla. With the departure of vice-chairman Luca Soncini, concerns arise over the board's banking expertise, prompting the Federal Supervisory Authority to emphasize the need for specialized knowledge in its members. The bank's recent elevation in FINMA's ranking highlights its potential risk to the Swiss financial system, necessitating a careful selection of new board members.
BancaStato's Board of Directors faces significant changes following the death of President Bernardino Bulla, with lawyer Michela Ferrari-Testa elected as his successor amid concerns over the board's banking expertise. The departure of vice-chairman Luca Soncini raises questions about the board's technical qualifications, especially as the Federal Supervisory Authority (FINMA) emphasizes the need for specialized knowledge in banking. Despite these shifts, the bank's operational structure remains stable, with a pressing need for highly qualified new board members.
Cristina Maderni
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bancastato board reshuffle raises concerns over expertise and regulatory approval
06:41 01.02.2025
BancaStato faces leadership changes amid concerns over board expertise
06:36 01.02.2025
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