The Swiss financial regulator, FINMA, has stated that while UBS Group has made additional progress in resolving previously identified shortcomings and improved its resolvability, its crisis plan is not yet 'executable.' This assessment was delivered on Thursday.
FINMA's evaluation indicates that further work is required for UBS to fully meet regulatory standards for systemic importance and crisis preparedness. The bank must continue to enhance its ability to be resolved without taxpayer intervention.
This regulatory update highlights ongoing efforts by UBS to strengthen its operational resilience and comply with post-Credit Suisse acquisition requirements. The 'not yet executable' status signals that significant work remains to be done on its resolution strategy.
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