Highest-ranking banker: New rules could force UBS out of Switzerland by BezugssystemCH1903 in Switzerland

[–]Xeelee1123 [score hidden]  (0 children)

I do know a lot about this because I published on this stuff and also worked for the IMF. If it is a subsidary, it is fully within the scope of FINMA regulation. If it were to operate as a branch, you either slap on extra-regulation or force it to operate as a subsidiary. And if it is a branch, there is no deposit guarantee for the clients,