Organisation: Swiss Financial Market Supervisory Authority

The European Commission has waived the standstill obligation under its merger control rules to allow UBS to acquire Credit Suisse prior to notification, but the agency could still investigate the tie-up.

05 April 2023

Switzerland’s government has used emergency powers to override the country’s merger control rules so as to allow Credit Suisse’s 11th hour sale to UBS, prompting criticism that competition laws have been ignored in the creation of a banking giant.

22 March 2023