ZURICH, April 21 (Reuters) - Swiss financial market regulator FINMA said on Tuesday it carried out more than a third of its on-site inspections of banks last year at UBS and that the lender's emergency plan in the event of a crisis still needs work.
FINMA said it had carried out 113 such inspections of banks in 2025, of which 42 were conducted at UBS. A year earlier, the regulator said it had performed 111 inspections, including 45 at UBS, Switzerland's biggest bank.
UBS has been under close scrutiny since the collapse of its rival Credit Suisse in 2023, which the bank acquired in an emergency rescue engineered by Swiss authorities.
FINMA said the emergency plan submitted by UBS at the end of 2024 largely complied with statutory requirements.
But it said that in its current form, UBS's emergency plan cannot yet ensure that risks to the stability of the financial system are sufficiently addressed.
"FINMA therefore assessed the emergency plan as not implementable for the time being," the regulator noted, saying UBS must further "operationalize" its alternative resolution options and align its emergency plan accordingly.
Reporting by Oliver Hirt and Dave Graham Editing by Ludwig Burger
Source: Reuters