The Swiss Financial Market Supervisory Authority (Finma) stated that UBS Group must adjust its emergency recovery and resolution plan, taking into account the integration of Credit Suisse.

"UBS's current resolution strategy is just part of the business model restructuring to provide safeguards for continuing operations," Finma said in a statement released on Tuesday. "Based on the experience of Credit Suisse's crisis, more action plans are needed to further strengthen the crisis preparedness and resolution planning of systemically important banks."

UBS urgently took over its former competitor Credit Suisse last year and is currently in the integration phase. Due to the increase in scale and complexity, its capital requirements have been significantly raised. Credit Suisse's collapse is currently under parliamentary investigation, with the investigation results expected to be announced by the end of this year, which may also affect the regulatory approach to UBS.

Finma insists that the bank continues to meet the requirements for absorbing losses and can currently address them through a "single point of entry" capital restructuring. However, Finma states that UBS must calculate more conservatively the liquidity that can be generated in a crisis and must make more comprehensive preparations for such events.

"In its emergency plan, UBS must particularly revise its liquidity planning, as well as refinancing of its Swiss entities when the emergency plan is activated," Finma said. The rapid withdrawal of funds by customers in the context of digital banking services accelerated the collapse of Credit Suisse. Finma states that the new measures need to take these changes into account.