Swiss financial market supervisory authority FINMA will require UBS to revise its recovery and emergency plans due to the bank’s June 2023 takeover of Credit Suisse.The regulator has suspended the annual approval of UBS’ recovery and emergency plans and expects the bank to further develop those plans, FINMA said in a Tuesday (Oct. 15) press release.“In its assessment of UBS’s resolvability as at 31 December 2023, FINMA determined that the integration of Credit Suisse had created obstacles,” the release said ...