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switzerland's finance regulator challenges banking elite amid rising capital demands
Switzerland's finance regulator, Finma, under CEO Walter, is taking a tough stance on banking oversight, particularly targeting UBS with potential capital requirements of up to $25 billion. Walter's assertive approach marks a shift from the previous leniency, aiming to restore confidence in Swiss finance post-Credit Suisse's collapse. His push for stricter regulations and transparency reflects a growing public demand for accountability in the financial sector.
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