{"id":4182,"date":"2023-03-22T00:00:00","date_gmt":"2023-03-22T00:00:00","guid":{"rendered":"https:\/\/www.keplerkarst.com\/rodrigo-olivares-caminal-on-the-merger-between-credit-suisse-and-ubs\/"},"modified":"2025-07-22T10:01:55","modified_gmt":"2025-07-22T10:01:55","slug":"rodrigo-olivares-caminal-on-the-merger-between-credit-suisse-and-ubs","status":"publish","type":"post","link":"https:\/\/www.keplerkarst.com\/en\/rodrigo-olivares-caminal-on-the-merger-between-credit-suisse-and-ubs\/","title":{"rendered":"Rodrigo Olivares-Caminal on the merger between Credit Suisse and UBS"},"content":{"rendered":"<p>The merger between Credit Suisse and UBS is creating waves across the banking sector. <strong>Rodrigo Olivares-Caminal, Of Counsel at Kepler-Karst<\/strong> and professor of Banking and Finance Law at Queen Mary University of London, comments for <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-03-21\/-17-billion-credit-suisse-bond-wipeout-to-trigger-bank-litigation\"><strong>Bloomberg<\/strong> <\/a>about this momentous event.<\/p>\n<p>As part of the transaction, the Swiss regulator ordered the write-down of the riskiest notes (AT1) despite that shareholders have not been fully wiped-out, leaving bondholders shocked.<\/p>\n<p><strong>Rodrigo<\/strong> said that \u201c<em>[t]here are three elements that need to be balanced: the need to preserve financial stability, the pre-established hierarchical order of claims and any waiver of rights contained in the terms of the underlying documents\u201d<\/em>. He also added that \u201c<em>[h]owever, regulators have a lot of discretion to justify the unjustifiable.\u201d<\/em><\/p>\n<p><span style=\"color: #ffcc00;\"><a style=\"color: #ffcc00;\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-03-21\/-17-billion-credit-suisse-bond-wipeout-to-trigger-bank-litigation\"><strong>Click here to read the full analysis<\/strong><\/a>.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-03-21\/-17-billion-credit-suisse-bond-wipeout-to-trigger-bank-litigation\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone  wp-image-4830\" src=\"https:\/\/www.keplerkarst.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-22-at-08.14.24-212x300.jpeg\" alt=\"Bloomber news kepler-karst\" width=\"336\" height=\"475\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The merger between Credit Suisse and UBS is creating waves across the banking sector. Rodrigo Olivares-Caminal, Of Counsel at Kepler-Karst and professor of Banking and Finance Law at Queen Mary University of London, comments for Bloomberg about this momentous event. As part of the transaction, the Swiss regulator ordered the write-down of the riskiest notes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":""},"categories":[797,892,893],"tags":[804,430,825,778,779,445,431,490,493],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rodrigo Olivares-Caminal on the merger between Credit Suisse and UBS | Kepler-Karst<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keplerkarst.com\/en\/rodrigo-olivares-caminal-on-the-merger-between-credit-suisse-and-ubs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rodrigo Olivares-Caminal on the merger between Credit Suisse and UBS | Kepler-Karst\" \/>\n<meta property=\"og:description\" content=\"The merger between Credit Suisse and UBS is creating waves across the banking sector. Rodrigo Olivares-Caminal, Of Counsel at Kepler-Karst and professor of Banking and Finance Law at Queen Mary University of London, comments for Bloomberg about this momentous event. 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