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Switzerland's Finance Sheriff Takes on UBS and Banking Elite [Yahoo! Finance Canada]

JULIUS BAER GRP UNSP/ADR (JBAXY) 
NASDAQ:AMEX Investor Relations: juliusbaer.com/group/en/investors
(Bloomberg) -- In the year since Stefan Walter has been in charge of Switzerland's financial regulator, he's made a name for himself among the bankers he oversees. Most Read from Bloomberg They call him “The Sheriff.” Walter, 60, a German citizen with decades of experience in top-level regulation including in the US, is using a tumultuous period in Swiss finance to establish a forthright, public presence for Finma that few in Zurich or Geneva are accustomed to. Under his watch, Finma has communicated penalties or investigations against seven banks and fintech firms, including Julius Baer Group Ltd, using the limited powers that the body has to the full. Most conspicuously, he's publicly pushed for the strictest possible stance on the future capital requirements for UBS Group AG, facing off against the bank in a showdown where the stakes are rising rapidly. Executives at the global wealth manager in Zurich are even exploring whether the full introduction of the higher requir Show less Read more
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