Because a potential UBS failure would threaten a domino effect in global financial system?
*SWITZERLAND, BANKS DISCUSS NEW RULES TO STOP BANK RUNS: REUTERS
Why? If UBS goes down it's game over
— zerohedge (@zerohedge) November 2, 2023
LONDON/ZURICH, Nov 2 (Reuters) – Swiss authorities and lenders, including UBS (UBSG.S), are discussing new measures to prevent bank runs after Credit Suisse’s rescue earlier this year, four sources familiar with the matter said, a move that could affect billions in deposits.
The talks, which have not been previously reported and are part of a broader review of the country’s banking rules, are intended for the top Swiss banks and could target mainly their wealth clients, two of the sources said.