01-07-2025
IMF Backs Swiss Bank Reform Push Amid UBS Capital Standoff
Switzerland's planned financial regulation reforms are 'bold' and should make the country more resistant to crises, the International Monetary Fund said, giving tacit support to the government in its standoff over capital with UBS Group AG.
The changes would reduce the risks for the state, taxpayers and the economy, the IMF said on Tuesday in an assessment of the country's sector which it conducts every five years.
