Published On: October 16th, 2025Categories: Trade Ideas
The Swiss Federal Administrative Court has ruled that FINMA’s 2023 decision to write off CHF 16.5bn of Credit Suisse AT1 bonds was unlawful, marking a turning point for Swiss regulatory credibility. In our latest flash report, we outline the court’s reasoning, implications for UBS and investors, and the broader impact on the European AT1 market. While the decree has been revoked, the question of compensation and liability remains open – with a Supreme Court appeal now expected.
Don’t miss our latest publication! Discover us on www.bridport.ch
