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001122334455554433221100
001122334455554433221100

finma demands urgent revisions to ubs crisis management and restructuring plans

FINMA has not approved UBS's emergency plan, citing the need for adjustments following the integration of Credit Suisse. While UBS has sufficient funds to cover losses, the authority demands more flexibility in crisis planning, allowing for the potential sale or bankruptcy of individual business areas. Experts emphasize the necessity for legal certainty and international cooperation among central banks to effectively manage future restructuring and financial stability.
20:24 15.10.2024
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