FINMA will be more active in future, Swiss regulator says

ZURICH (Reuters) -Switzerland's financial market regulator FINMA said on Tuesday it had carried out 45 on-site reviews of UBS in 2024 as the bank integrates its old rival Credit Suisse, which collapsed in 2023. Presenting its annual report for 2024, FINMA said it had maintained a detailed dialogue on integration issues with Switzerland's remaining big bank, noting that "all applicable regulatory requirements were satisfied at all times." FINMA said it worked on reducing risks from transactions related to Credit Suisse business that would not be integrated and asked for a review of the client base acquired from Credit Suisse for non-financial risks, such as high-risk client groups or regions.