Switzerland's financial regulator, Finma, is taking steps to prevent litigating investors from accessing Credit Suisse AT1 files, amid efforts to overhaul the country's financial regulations following the collapse of Credit Suisse, as reported by @FT. This move is seen as an attempt to protect the Swiss banking sector from potential legal challenges, particularly from foreign investors. A letter to a St Gallen court, seen by the Financial Times, highlighted Finma's concerns that releasing these documents could facilitate legal actions against the nation. Concurrently, Switzerland is reworking its financial rulebook to prevent future banking crises, with UBS now under increased scrutiny, as noted via @bbenrath.
Switzerland is revamping its financial rulebook after Credit Suisse collapse, placing UBS into heightened scrutiny. https://t.co/OT2jxgqoxK
In a letter to a St Gallen court seen by the FT, the country's financial regulator, Finma, warned that releasing the documents would help foreign investors build their cases against Switzerland. https://t.co/8bq4dgUX5J https://t.co/ioJGxn0mIs
Switzerland is reworking its rulebook to stop another banking meltdown https://t.co/iUFo4HtRlP via @bbenrath https://t.co/hPTdeOg7cO
SWISS REGULATOR SEEKS TO BLOCK LITIGATING INVESTORS FROM ACCESSING CREDIT SUISSE AT1 FILES - FT
Swiss Regulator Seeks To Block Litigating Investors From Accessing Credit Suisse AT1 Files - @FT https://t.co/gFTLs6I9RH