"UBS/Credit Suisse: Swiss pension funds face cumulative counterparty risk but low losses"

Article in "IPE Magazine", March 2023

"The Swiss government, the financial market supervisory authority FINMA, and the Swiss National Bank (SNB) have exercised all their powers and pressure to force the merger between UBS and Credit Suisse, protecting global financial stability. Indirectly, according to PPCmetrics, the interest that the government, SNB and FINMA have in a successful takeover offers a form of protection, reducing the immediate risks for Swiss pension funds."