International cooperation

FINMA is in constant dialogue with the main regulators and resolution authorities in the countries in which UBS operates through crisis management colleges.

A coordinated response by the supervisory and resolution authorities in different jurisdictions would be essential to successfully resolving an international banking group. Regular cooperation and a relationship of trust are essential prerequisites for a coordinated response in a crisis.

A coordinated approach is also required for financial market infrastructures that are systemically important in Switzerland and internationally.

UBS crisis management college

The global crisis management college set up by FINMA for UBS is designed to achieve this. FINMA also regularly holds a crisis management and resolution planning college with Asian supervisory and resolution authorities.

SIX x-clear Crisis Management Group

SIX x-clear was identified as an internationally systemically important central counterparty in July 2017. In line with international standards, FINMA has therefore established a crisis management group (CMG) for SIX x-clear.