Reported 3 days ago
Since taking charge of Switzerland's financial regulator, Stefan Walter, dubbed 'The Sheriff,' has made significant changes to how the watchdog interacts with banks. He has initiated investigations into multiple financial institutions, including UBS, advocating for stricter capital requirements in the wake of the Credit Suisse crisis. His assertive approach is in stark contrast to the softer regulatory environment of the past, aiming to restore confidence in Switzerland's banking sector while reshaping the relationship between regulators and banks.
Source: YAHOO