10:08 AM EDT, 03/20/2024 (MT Newswires) -- UBS (UBS) will be subjected to two in-depth stress tests and 40 on-site supervisory reviews this year, the banks division head of the Swiss financial regulator Finma said Wednesday.

"Finma continues to make consistent use of the full range of supervisory instruments at its disposal to fulfill its legal mandate to supervise the integrated large bank," Finma banks division head Thomas Hirschi said at the regulator's annual media conference.

The regulator said that supervision of UBS will focus "on the risks arising from the integration process and operational stability" following the bank's merger with Credit Suisse Group.

UBS didn't immediately respond to a request for comment from MT Newswires.

Price: 30.68, Change: -0.47, Percent Change: -1.51