Finma Plans Stress Tests at UBS After Scrutiny on Lender Rises
- Regulator considering publishing stress test results
- Finma boosting on-site UBS supervision, expanding teams
This article is for subscribers only.
Switzerland’s financial regulator Finma said it would carry out two stress tests at UBS Group AG this year, as the authority boosts oversight of the lender in the wake of its acquisition of Credit Suisse.
The regulator “continues to make consistent use of the full range of supervisory instruments at its disposal to fulfill its legal mandate to supervise the integrated large bank,” said Thomas Hirschi, head of the banks division at a press conference in Bern on Wednesday. He added that one stress test will take place in each half of 2024, and said that the institution is looking at whether it can change its existing policy and publish the results.