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UBS CEO Sergio Ermotti emphasized the need for improved early warning systems to enhance banking safety, following the collapse of Credit Suisse. He advocated for prudent regulatory measures and supported public stress tests to identify financial institutions' vulnerabilities. Ermotti also highlighted the importance of accountability in cases of negligence, while awaiting clarity on capital requirements in May.
UBS CEO Sergio Ermotti has urged authorities to enhance early warning systems to better identify banking issues, following the collapse of Credit Suisse. He emphasized the need for caution in new regulations, advocating for public stress tests to assess financial institutions' vulnerabilities and supporting reforms on compensation recovery for negligent actions. Clarity on capital requirements is anticipated in May, though Ermotti noted UBS's lack of influence over the political process.
UBS CEO Sergio Ermotti has called for improved early warning systems to enhance bank safety, emphasizing the need for authorities to better detect potential issues. He supports the government's reform proposals but warns against excessive capital requirements that could disadvantage UBS and the Swiss financial sector. Ermotti anticipates more clarity on capital requirements by May, while advocating for accountability measures for negligent individuals in the banking industry.
Victoria Waldersee
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ubs ceo calls for improved banking oversight after credit suisse collapse
United States Dollar
Morgan Stanley
Credit Suisse Strategic Income I
USA
CHE
Victoria Waldersee
Ariane Luthi
Oliver Hirt
Sergio Ermotti
Dave Graham
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19:59 19.03.2025
ubs ceo calls for improved banking oversight and early warning systems
United States Dollar
Morgan Stanley
Credit Suisse Strategic Income I
USA
CHE
Victoria Waldersee
Ariane Luthi
Oliver Hirt
Sergio Ermotti
Dave Graham
Show more
19:59 19.03.2025
ubs ceo calls for improved early warning systems in banking sector
United States Dollar
Morgan Stanley
Credit Suisse Strategic Income I
CHE
Victoria Waldersee
Ariane Luthi
Oliver Hirt
Sergio Ermotti
Dave Graham
Show more
19:59 19.03.2025
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