{
}
UBS is under pressure to raise at least 25 billion in equity to avoid future bailouts, but CEO Sergio Ermotti is exploring a controversial "Filter 2.0" strategy. This involves reducing the balance sheet's size through conservative asset valuations and quicker write-offs, effectively inflating capital ratios without actual new funds. Critics warn this could lead to a repeat of the Credit Suisse debacle, raising concerns about the credibility of regulatory frameworks and the potential for moral hazard in future financial crises.
Ueli Maurer, the former finance minister, expressed concerns that UBS has become "too big" for Switzerland following its takeover of Credit Suisse. He emphasized the need to minimize risks associated with the bank, suggesting that shareholders should take responsibility rather than taxpayers. Maurer acknowledged UBS's importance to the Swiss economy but warned of potential future risks amid global economic uncertainties.
Swiss lawmakers have criticized the years of mismanagement at Credit Suisse, attributing its collapse to inadequate oversight by financial regulator Finma, which granted the bank capital relief that obscured its true financial condition. The Parliamentary Commission of Inquiry's report highlights the failures of both the bank's leadership and regulatory bodies, calling for stronger supervisory measures to prevent future crises.
The PUK report reveals that high-ranking managers at Credit Suisse disregarded the damage their actions caused, aided by weak institutional oversight. This failure, highlighted by the decision to reduce the bank's capital cushion in 2017, set the stage for its eventual collapse. In light of the crisis, calls for stronger capital requirements for UBS are met with resistance, emphasizing the need for enhanced regulatory powers to prevent future financial disasters.
The parliamentary commission of inquiry (PUK) has concluded that years of mismanagement at Credit Suisse (CS) led to its downfall, while also highlighting failures by the federal government in regulating the bank. The PUK found no misconduct by authorities during the crisis but called for improved financial supervision and better communication among regulatory bodies. Criticism was directed at former CS executives and Finance Minister Ueli Maurer for their roles in the bank's issues, particularly regarding compliance with supervisory demands.
Thomas Bauer
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs faces scrutiny over capital strategies amid looming financial risks
Swiss Franc
CS. Barthoulot-Coaching SNC
JPMorgan Chase & Co.
CHE
Colm Kelleher
Thomas Bauer
Urs Birchler
Sergio Ermotti
Show more
07:59 16.02.2025
former finance minister warns UBS poses risks to swiss economy
Swiss Franc
FinMan Gestion",
Credit Suisse Real Estate Fund Siat
CHE
Beat Schmid
Ueli Maurer
Marlene Amstad
Thomas Bauer
Sergio Ermotti
Show more
05:38 13.01.2025
credit suisse collapse attributed to mismanagement and regulatory failures
Swiss Franc
Credit Suisse Real Estate Fund Siat
CHE
Thomas Bauer
Mark Branson
Isabelle Chassot
Ueli Maurer
Show more
18:14 20.12.2024
credit suisse crisis highlights need for stronger financial oversight and accountability
Swiss Franc
Credit Suisse Real Estate Fund Siat
CHE
Thomas Bauer
Mark Branson
Karin Keller-Sutter
Ueli Maurer
Show more
12:52 20.12.2024
parliamentary report reveals mismanagement as key factor in credit suisse downfall
Swiss Franc
Credit Suisse Real Estate Fund Siat
CHE
Marlene Amstad
Mario Maurer
Thomas Bauer
Colm Kelleher
Axel Lehmann
Mark Branson
Urban Angehrn
Show more
10:31 20.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Global Trade Developments
Domestic Politics
Retail and Consumer Goods
Central Bank Actions
CEO Changes
Government Policies
Market Analysis and Predictions
Workplace Trends
Startups & Entrepreneurship
Elections & Campaigns
Government Economic Policies
Inflation and Monetary Impact
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Apple Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
UBS Group AG
SpaceXCoin USD
BNP Paribas SA
Lloyds Banking Group plc
Banco Santander, S.A.
CREDIT AGRICOLE
Amazon.com, Inc.
Credit Agricole
Berkshire Hathaway Inc.
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Canadian Dollar
Australian Dollar
Hong Kong Dollar
Offshore Chinese Yuan
Singapore Dollar
Mexican Peso
Vietnamese Đồng
Indonesian Rupiah
Thai Baht
Norwegian Krone
Swedish Krona
Filipino Peso
People: