ZURICH, June 20 (Reuters) – Switzerland’s financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for more to be done on capital and liquidity requirements.
Credit Suisse roiled financial markets last year when it collapsed following a string of financial problems, and was absorbed by its old rival UBS (UBSG.S), opens new tab in a state-engineered rescue.
Source: REUTER
