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Swiss financial regulator welcomes new banking regulation proposals
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Swiss financial regulator welcomes new banking regulation proposals
Apr 10, 2024 9:01 AM

ZURICH, April 10 (Reuters) - Swiss financial regulator

FINMA on Wednesday welcomed the government's report into new

financial regulations to oversee UBS and other lenders

following the 2023 implosion of Credit Suisse.

"FINMA welcomes the thrust of the report and is in favour of

strengthening the stability of banks as well as expanding the

range of instruments available to FINMA," the authority said.

FINMA said it particularly supported proposals to improve

banks' capital quality and liquidity buffers, and also moves to

allow it to disclose enforcement proceedings against banks who

break its rules, as well as to issue fines.

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