On December 30, according to Reuters, UBS Group CEO Sergio Ermotti stated on Monday that Switzerland should not establish rules that put its Banks at a disadvantage. Swiss authorities will propose stricter regulations for the Industry in the coming weeks, aimed at preventing a repeat of the situation with Swiss Franc Credit that led to its collapse in 2023. UBS Group remains vigilant about potential scenarios. Ermotti mentioned that a comprehensive tightening of regulations could weaken the competitiveness of the Swiss financial industry. Large Banks have learned lessons from past crises, and today they serve as a stabilizing factor rather than a source of problems. Ermotti stated that the integration of Swiss Franc Credit with UBS Group is progressing well, but the complex IT migration carries a risk of delays, which is the biggest challenge.