According to Finma, Switzerland’s financial regulator, UBS (UBS) has made more progress in its plans for crisis situations, but more work is needed, Bastian Benrath-Wright and Noele Illien of Bloomberg reports. Finma said that while the lender had plans for restructuring and resolution, there needs to be more room for maneuver in order to properly stabilize acute emergency situations. Additionally, the emergency planning “needs to be better integrated in the resolution plan in the future and thus cannot currently be regarded as executable,” Finma said, according to Bloomberg.
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