Aggregated News From Investment Management Regulators

FINMA welcomes dividend action taken by major banks

All Regulator NewsSwitzerlandFINMA CH

Report/Flag

Please complete the required fields.



The Swiss Financial Market Supervisory Authority FINMA welcomes the step announced today by UBS Group AG and Credit Suisse Group AG to postpone half of their planned dividend distributions for 2019 despite their position of capital strength.

UBS Group AG and Credit Suisse Group AG announced today that they will postpone half of their planned dividend distributions for 2019 to the fourth quarter of 2020. FINMA welcomes this significant step, which was taken after FINMA wrote to the boards of directors of both banks asking them to reconsider their dividend plans. FINMA views this precautionary measure taken by both institutions as a way of simultaneously dealing with the major uncertainties associated with the COVID-19 crisis and addressing shareholders’ expectations. This fits into a united and internationally coordinated effort by all concerned to meet the challenges of the COVID-19 crisis.

Contact

Tobias Lux, Media Spokesperson
Tel. +41 31 327 91 71 [email protected]

and

Vinzenz Mathys, Media Spokesperson
Tel. +41 31 327 19 77 [email protected]

Return Home

Regulator Information

Regulator Name: Swiss Financial Market Supervisory Authority
Abbreviation: FINMA
Jurisdiction: Switzerland
Website: http://www.finma.ch/e/pages/default.aspx/
Email: [email protected]
More Information

Recent Articles

“We’ve Seen This Story Before” Remarks before the Piper Sandler Global Exchange & Fintech Conference

SEC US 0
Washington D.C. Thank you, Rich, for that kind introduction.
Read more

OCC Hosts Risk Governance and Capital Markets Workshops in Denver

OCC US 0
  • +1Bank Management, Banker Education, Board of Directors & Management, Community Banks, Operational Risk Management
WASHINGTON—The Office of the Comptroller of the Curren
Read more

SEC, NASAA, FINRA to Co-Host Webinar on Identifying and Reporting Suspected Senior Financial Exploitation

FINRA US 0
Regulators to Discuss Protecting Seniors During World Elder Abuse Awareness Day WASHINGTON—The Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASA
Read more

Financial sector’s capital position as at 31 March 2023: The Finnish financial sector’s capital position has remained good – risks in the operating environment...

FIN-FSA FI 0
The state of the Finnish financial sector has remained good in the early months of the year, despite the continued high level of risks...
Read more

Notification For The 2023 Capital Market Committee 2nd Webinar Meeting

SEC NG 0
The Director General has approved the 2023 Capital Market Committee (CMC) 2nd Webinar Meeting to hold on Wednesday, 23rd, August 2023. The usual interface with...
Read more

Get the latest from Regulatory.News in your inbox!

×

© Copyright 2023- Regulatory.News