08:07 AM EDT, 09/25/2025 (MT Newswires) -- UBS Group ( UBS ) has made additional progress in resolving previously identified shortcomings and has attained significant milestones, but its emergency plan needs to be developed further, Switzerland's financial regulator Finma said Thursday.

The regulator said the bank's emergency plan is mostly in line with existing statutory requirements, but is not yet "executable" and needs to be "better integrated in the resolution plan in the future." Legislative changes are also needed, Finma added.

UBS has consolidated its emergency plan with Credit Suisse's and submitted the updated version in the summer, which is currently under review, Finma said.

The bank said that as Finma confirmed, it "fulfills the current requirements to be resolved according to the preferred resolution strategy in the event of a crisis."

"The Swiss emergency plan would be available in an extreme crisis scenario," UBS said in an emailed statement to MT Newswires. "This plan is designed in line with the current legal requirements, to ensure the continuation and protection of systemically important functions in Switzerland, and is implementable for this purpose."

Shares of UBS were down 2.1% in recent Thursday premarket activity.