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Swiss regulator calls for more powers after Credit Suisse collapse

Company logo of Credit Suisse is visible on building facade.
Photo: Arnd Wiegmann/Getty Images

Julie DiMauro

5 min read
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In its report on the bank failure FINMA calls for better regulatory tools and more influence on the governance of the businesses that it supervises.

On Tuesday, Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), called for greater legal powers and vowed to adapt its approach in the wake of the Credit Suisse collapse.

Credit Suisse was rescued back in March by its domestic rival UBS in a deal brokered by Swiss

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