UBS market dominance drawing warning from watchdog, Reuters reports

Switzerland’s competition commission favors a deeper investigation into UBS‘ dominance of certain parts of the market after it rescued Credit Suisse last year, Reuters’ Oliver Hirt and Noele Illien report, citing people familiar with the matter. The competition authority, COMCO, late last year submitted its findings to market regulator FINMA in a report examining the impact of the takeover. Though the recommendation is not binding, COMCO’s opinion could feed into the debate about the size and power of UBS, which analysts say has a dominant position in areas such as Swiss loan and debt markets, the authors note.