Finance

Switzerland had emotional reaction to 2023 crisis, UBS CEO says

Published by Global Banking & Finance Review

Posted on February 9, 2026

1 min read

· Last updated: February 9, 2026

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Switzerland had emotional reaction to 2023 crisis, UBS CEO says
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ZURICH, Feb 9 (Reuters) - Switzerland had an emotional reaction to the 2023 Credit Suisse crisis, UBS CEO Sergio Ermotti said on Monday at a financial services conference in Florida, adding that

UBS CEO Discusses Switzerland's Emotional Response to 2023 Crisis

Switzerland's Emotional Response to Financial Crisis

ZURICH, Feb 9 (Reuters) - Switzerland had an emotional reaction to the 2023 Credit Suisse crisis, UBS CEO Sergio Ermotti said on Monday at a financial services conference in Florida, adding that current regulatory proposals to prevent a similar crash were not acceptable to the Swiss bank.

Insights from UBS CEO

"In the last two, three years, of course, the emotions didn't really come down," Ermotti said. "It's good that the Parliament is now looking at this matter less emotionally."

Parliament's Approach to the Crisis

(Reporting by Ariane Luthi, editing by John Revill)

Key Takeaways

  • Switzerland had an emotional response to the 2023 Credit Suisse crisis.
  • UBS CEO Ermotti discussed the crisis at a Florida conference.
  • Current regulatory proposals are not acceptable to UBS.
  • Swiss Parliament is addressing the crisis less emotionally.
  • The crisis has impacted Swiss financial regulation discussions.

Frequently Asked Questions

What is a financial crisis?
A financial crisis is a situation where financial assets suddenly lose a large part of their nominal value, often leading to widespread economic instability.
What is a regulatory framework?
A regulatory framework consists of rules and regulations that govern financial institutions and markets to ensure stability, transparency, and fairness.
What is banking sector?
The banking sector refers to the collection of institutions that provide financial services such as accepting deposits, providing loans, and facilitating transactions.

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