Switzerland is accelerating efforts to reform its banking regulations a year after the collapse of Credit Suisse — and handing more power to those who will enforce them. The government is due to unveil long-awaited proposals for legislation in the coming days that are likely to touch on all of the main pillars of bank
By Simon Jessop LONDON (Reuters) – UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told Reuters, in the biggest test yet of the impact of a mega-merger on banks’ sustainability commitments. The shotgun marriage of Switzerland’s two biggest lenders
By Noele Illien BERN (Reuters) – Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two stress tests this year on the bank after it took over rival Credit Suisse in 2023, which heightened concerns about ‘too big to fail’ lenders. FINMA laid out plans for regulating