Following the collapse of Credit Suisse, the G20's Financial Stability Board (FSB) has called on Switzerland to enhance its banking regulations. This includes granting more powers to the country's financial watchdog to manage bank failures more effectively. The FSB's recommendations come in the wake of the creation of a banking behemoth following the merger of UBS and Credit Suisse, prompting concerns over market dominance. The Swiss competition authority is reportedly planning a deeper probe into UBS's market power, with UBS shares experiencing volatility following reports of the competition investigation.
Exclusive: UBS market dominance draws warning from competition watchdog, source says https://t.co/5ILhafzPE6 https://t.co/xohsijvG5c
UBS shares wobble on Reuters report over competition investigation https://t.co/onUnLKaZgG https://t.co/uieqXiLlNw
Exclusive: UBS market dominance draws warning from competition watchdog, source says https://t.co/OHj8zHFy98 https://t.co/A0LT5nKGfV
Global watchdog tells Swiss to bolster controls after creating UBS behemoth https://t.co/zCBFxzHilp https://t.co/JMQQ4HV06d
The Swiss antitrust watchdog has recommended further scrutiny of UBS's market power, sources say https://t.co/EPQzameBmy
$UBS Swiss competition authority reportedly plans a deeper probe into UBS over market dominance
Global watchdog tells Switzerland to bolster controls after creating UBS behemoth https://t.co/VutYRp44Hs https://t.co/F0jAZoyKGq
Switzerland's financial watchdog should have more powers to deal with bank failures, says global regulator FSB https://t.co/RoRwUciMBk
G20 risk watchdog calls on Switzerland to improve bank rules after Credit Suisse collapse https://t.co/2X5lovb9uK https://t.co/amrWDyaboD