Key Points
Swiss financial regulator FINMA has labelled the recovery and resolution plans of two of Switzerland's five systematically important banks as insufficient, it said on Wednesday..
It said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning."..
The financial regulator had positively viewed the crisis plan Credit Suisse had developed last year, saying the bank, which last month had to be rescued by UBS in a takeover engineered by Swiss authorities, had an emergency plan that was ready to be implemented...
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