UBS takeover of Credit Suisse poses new risks for the Swiss economy, says OECD ...Middle East

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They're not the first to point out concerns surrounding UBS' takeover of Credit Suisse last year and certainly won't be the last. OECD says that the takeover now creates "new risks and challenges" for the Swiss economy. Adding that:"UBS - already a global systemically important bank before the merger - has thus become even larger and according to the 'too big to fail' regulations, it must meet even stricter regulatory requirements."It raises questions about competition within the banking sector, as UBS now holds a roughly 25% share of domestic deposits and loans. And while the takeover may have helped to safeguard the Swiss financial system at the time, it now presents a whole different head

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