Finance
UBS Must Revise Post-Takeover Emergency Plans, Finma Says
- Liquidity plans need update after Credit Suisse crisis
- UBS facing higher capital requirements in coming years
The headquarters of UBS Group AG and former Credit Suisse Group AG offices, center, in Zurich.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
UBS Group AG must revise its plans for emergency recovery and resolution to take account of the integration of Credit Suisse, Swiss financial supervisor Finma said.
“The current resolution strategy for UBS only provides for the continuation of business activities as part of a restructuring of the business model,” Finma said in a release on Tuesday. “Based on the experience of the Credit Suisse crisis, additional options for action are required to further strengthen crisis preparations and resolution planning for systemically important banks.”