Merged UBS, AI on FINMA’s risk radar
By 
Kyle Brasseur2023-11-10T15:16:00
A year of significant change in the Swiss banking sector has the country’s financial regulator prioritizing new risk areas on its radar.
The Swiss Financial Market Supervisory Authority (FINMA) released its 2023 risk monitor report on Thursday. Within the report, the regulator identifies nine principal risks for the financial sector, two of which are new following a tumultuous year that saw Switzerland’s largest bank acquire its second largest bank to bail the latter out of significant turmoil.
UBS completed its acquisition of Credit Suisse in June, though FINMA said it is still “intensively” supervising
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