Federal Reserve Board announces termination of enforcement actions with UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch
Why this matters
This is a news announcement of the termination of a Cease and Desist Order originally issued July 21, 2023, now terminated May 12, 2026. The content is purely informational—it reports the closure of an enforcement action without establishing new rules, guidance, or obligations. The action itself (the original CDO) was significant when issued, but this termination notice is administrative in nature. No new regulatory requirements or broad implications are introduced.
AI-generated classification rationale, not a full analysis. Verify with the original Federal Reserve source before acting. Full disclaimer.
What the Federal Reserve said
Federal Reserve Board announces termination of enforcement actions with UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch
Published by Federal Reserve . Read the full notice at the source for the authoritative text.
Context
Board of Governors of the Federal Reserve System (Federal Reserve) — The US central bank and supervisor of bank holding companies and state member banks. We track 65 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under General and Banking & Credit.