UBS chief executive Sergio Ermotti has called for greater powers for Switzerland’s financial regulator and sanctions for negligent bankers in the wake of Credit Suisse’s collapse.
In a rare show of support from a senior banker for tougher regulations, the head of UBS — which rescued its former rival in March in the most significant bank takeover since the financial crisis — said Switzerland should increase personal accountability in its banking sector.
Read More : UBS Chief Sergio Ermotti Advocates Stricter Sanctions for Negligent Bankers