UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash, Swiss regulator FINMA said on Tuesday.

UBS Group AG must revise its emergency planning and ensure it can be safely wound down in a crisis, taking account of the integration of Credit Suisse, financial supervisor Finma said.

FINMA said it had suspended annual approval of UBS’s resolution plans while Switzerland’s last globally systemically important bank overhauls its approach as it integrates its former rival