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IMF calls for 'strong financial sector reforms' in Switzerland

Published March 28,2024

Switzerland needs "strong financial sector reforms" in the wake of the state engineered rescue takeover of Credit Suisse by UBS, the International Monetary Fund said on Thursday.

"The state-facilitated acquisition of Credit Suisse by UBS has stabilised the financial markets, but the experience and prospects also call for strong financial sector reforms," the IMF said after concluding its review of the Swiss economy.