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Finma chief calls for watchdog’s powers to be bolstered after Credit Suisse debacle
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fnlondon.comSwitzerland’s financial services watchdog boss says it had limits over what it could do during the sudden takeover of Credit Suisse by rival UBS.
In an opinion piece for Neue Zuercher Zeitung, Finma chair Urban Angehrn said the regulator intervened in a variety of ways, including placing a strong risk-based focus on the bank in recent years, “actively and vehemently”.
Finma...
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