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finma requires ubs to enhance emergency planning and resolution strategy

The Swiss Financial Market Supervisory Authority, Finma, has mandated UBS to revise its resolution planning following insights from the Credit Suisse crisis. The current strategy, which only allows for business continuation through reorganization, is deemed insufficient. Consequently, Finma has suspended the annual assessment of UBS's stabilization and emergency plans for 2024.
MarketScreener
UBS SA CHE Oliver Hirt Olaf Brenner
TradFi, Press Release
09:15 15.10.2024
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