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Swiss financial regulator says it will focus very strongly on UBS -report

Switzerland s financial market regulator will focus very strongly on UBS after the bank s takeover of fallen rival Credit Suisse, FINMA s Chair said in an interview published on Friday. .

credit suisse: Swiss financial regulator says it will focus very strongly on UBS: Report

Switzerland s Financial Market Supervisory Authority (FINMA) is focusing strongly on UBS following its takeover of Credit Suisse. FINMA has reorganized and increased the UBS team to around 60 people, focusing on high-risk areas. The enlarged UBS, with a balance sheet of over $1.6 trillion, has raised concerns about its dominant position in Switzerland and potential influence on future banking regulation.

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