Swiss Watchdog Plans Stress Tests at UBS Amid Mounting Oversight on Lender
By Helena Smolak
Switzerland's financial market regulator is planning two stress tests and forty on-site supervisions at UBS, in a move to boost oversight on the lender after its Credit Suisse takeover.
The Swiss watchdog, known as Finma, said Wednesday that it will critically examine UBS's integration process and operational stability due to the merger with CS.
The supervisory authority is also focusing on the combined bank's capital and liquidity planning as well as its business conduct, it said.
"Finma continues to make consistent use of the full range of supervisory instruments at its disposal to fulfil its legal mandate to supervise the integrated large bank," Thomas Hirschi, head of the banks division, said at an annual media conference.
Write to Helena Smolak at helena.smolak@wsj.com
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March 20, 2024 09:19 ET (13:19 GMT)
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