• Tommy Reggiori Wilkes and Oliver Hirt
• 15 Oct, 2024

UBS (UBSG.S), opens new tab must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash, Swiss regulator FINMA said on Tuesday. FINMA said it had suspended the annual approval of UBS's recovery and emergency plans while Switzerland's last globally systemically important bank develops its approach as it integrates its former rival.
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