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Swiss Financial Regulator Says UBS Emergency Plan Not Yet Implementable, Calls for More Concrete Solutions
The Swiss Financial Market Supervisory Authority (FINMA) stated that the emergency plan submitted by UBS at end-2024 broadly meets statutory requirements, but it is not enough to e...
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The Swiss Financial Market Supervisory Authority (FINMA) stated that the emergency plan submitted by UBS at end-2024 broadly meets statutory requirements, but it is not enough to ensure an adequate response to risks posed to financial system stability in its current form, Reuters reported.

Following its assessment, the FINMA concluded that the plan isn't yet implementable, and that UBS must further operationalize its alternative resolution options and adjust its emergency plan accordingly.

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