In the aftermath of the collapse of Credit Suisse, Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has conducted a comprehensive review and called for greater legal powers to prevent such incidents in the future. The 167-year-old bank’s rescue by domestic rival UBS, after a series of risk management failures and scandals, highlighted
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Generative artificial intelligence (AI) is making waves on Wall Street, and industry experts predict that it will revolutionize the way financial firms operate. While wealth management and asset management companies have been utilizing AI technologies such as natural language processing and machine learning for years, the introduction of generative AI has the potential to greatly