UBS Making Progress on Wind-Down Plans, Swiss Watchdog Says (1)

UBS Group AG made further progress in its plans for crisis situations including any potential wind-down, though more work is needed, according to Switzerland’s financial regulator.

In a report on bank resolution, Finma said that the country’s sole globally significant lender had workable plans for restructuring and resolution, but to stabilize acute emergency situations more room for maneuver is needed. That will also require legislative changes, Finma added.

The emergency planning “needs to be better integrated in the resolution plan in the future and thus cannot currently be regarded as executable,” Finma said in a statement.

UBS is working to ...