The emergency plans of UBS and Credit Suisse to deal with a financial crisis are...
) to deal with a financial crisis are effective, Switzerland’s regulator FINMA said on Tuesday.
The review followed the implementation of Switzerland’s Too Big to Fail rules, aimed at reducing risks in the country’s financial system and avoiding the need for taxpayer-funded rescues. Under the recovery plan, the banks are obliged to set out measures to ensure their stability in a crisis and be able to continue their operations without government intervention.
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