Switzerland’s financial regulator said that the country’s sole globally significant lender USB had workable plans, but...
In a report on bank resolution, Switzerland’s financial regulator Finma, said that the country’s sole globally significant lender had workable plans for restructuring and resolution,
but to stabilize acute emergency situations more room for maneuver is needed.
Major banks in Europe are legally required to have written instructions for how to ensure an orderly wind-down or prepare a sale when they’re in trouble.
Those plans are intended to help prevent any crisis at an individual bank from expanding into a systemic one.
Bloomberg September 25, 2025
Bank living wills ensure no bank’s failure can create systemic collapses
https://englundmacro.blogspot.com/2022/12/bank-living-wills-ensure-no-banks.html
More info by Perplexity
https://www.perplexity.ai/search/major-banks-in-europe-are-lega-0LAO68fRQnCmodLoIqIF2A#0
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