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.
“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.”
(Reporting by Ariane Luthi, editing by John Revill)