UBS Group (UBS) to Undergo Two Stress Tests in '24 by FINMA

UBS Group AG (UBS) will be subjected to two stress tests this year along with around 40 reviews by Swiss financial regulator, FINMA. The increased vigilance on the country's last remaining global systemic bank comes after its 2023 takeover of Credit Suisse, escalating concerns about "too big to fail" lenders.Following the acquisition, UBS’ balance sheet is twice the size of the Swiss economy. This might result in stringent capital and liquidity requirements for UBS.Per Thomas Hirschi, FINMA's head of the ba ...