UPDATE 1-UBS chairman says Swiss financial regulator needs more teeth

November 28, 2023

https://finance.yahoo.com/news/1-ubs-chairman-says-swiss-094756866.html

UPDATE 1-UBS chairman says Swiss financial regulator needs more teeth
UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse showed the authority lacked sufficient “teeth.” “People should be looking at giving the regulators more teeth,” Kelleher said at the FT’s Global Banking Summit in London on Tuesday. “It is obvious that in the case of Switzerland, FINMA did not have sufficient teeth at the time.”
https://finance.yahoo.com/news/1-ubs-chairman-says-swiss-094756866.html

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