Swiss regulator pledges 'very strong' focus on UBS - reports

Has a UBS team of 60

clock • 1 min read

The Swiss Financial Market Supervisory Authority (FINMA) will focus “very strongly” on UBS in light of the bank’s acquisition of Credit Suisse last year, said FINMA’s chair Marlene Amstad.

Speaking to the German newspaper Frankfurter Allgemeine Zeitung, Amstad said: "It goes without saying that we are now focusing very strongly on UBS.  "Internally, we have reorganised ourselves and increased the UBS team to around 60 people. Where the risks are high, we are looking more frequently and in greater depth." Swiss regulator appoints ECB veteran as CEO The regulator faced criticism for failing to prevent the crash of Credit Suisse last year, after concerns had been raised over UBS's dominant position in Switzerland.  Amstad defended FINMA's conduct during the bank's co...

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