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ubs revises emergency plans following credit suisse integration and regulatory demands

UBS is required to revise its restructuring and liquidation plans following the integration of Credit Suisse, as mandated by the financial market supervisory authority, Finma. The bank must expand its options for insolvency, including the potential sale or shutdown of individual businesses, while also standardizing its group structures and processes. As a globally systemically important institution, UBS must develop comprehensive stabilization and emergency plans to ensure the continuity of critical functions in case of financial distress.
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United States Dollar Credit Suisse Anlagestiftung Leclanché SA Tecan Group AG UBS SA SCI Lvmh FRA CHE USA Simon Johnson Pasquale Foglia James A. Robinson Daron Acemoglu Show more
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07:54 15.10.2024
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