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UBS, Credit Suisse must do more to prep global resolution plans, Finma says

By Jack Schickler
  • 25 Feb 2020 05:43
  • 25 Feb 2020 05:43
Neither UBS nor Credit Suisse yet have credible plans to resolve global operations in the event of failure, Swiss financial market regulator Finma has said, although it has given them passing grades for their domestic emergency readiness.

UBS has “excessive” internal liabilities that must be cut quickly, the regulator said in a report today

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