Commentary of the “Tages-Anzeiger” on the Dissolution of UBS Loss Guarantees
Published: Friday, Aug 11th 2023, 12:40
Updated At: Friday, Oct 13th 2023, 14:12
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The Swiss newspaper Tages-Anzeiger has commented on the dissolution of the UBS loss guarantees, stating that it is a welcome move from the perspective of taxpayers. However, the dissolution of the guarantee does not mean that the risks associated with the new megabank have been eliminated. It is therefore important that both the political and regulatory authorities remain vigilant in order to ensure that the bank does not create any further risks. In summary, the Tages-Anzeiger has welcomed the dissolution of the UBS loss guarantees, but has warned that the risks associated with the new megabank remain. It is therefore important that both the political and regulatory authorities remain vigilant in order to ensure that the bank does not create any further risks.nnnnnnnn
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