FDF orders measures on remuneration at CS and UBS
Bern, 23.5.2023 - The Federal Department of Finance (FDF) has issued an order cancelling or reducing the outstanding variable remuneration of the top levels of management at Credit Suisse. At the same time, the FDF has instructed UBS to design its remuneration system for the employees responsible for the realisation of the Credit Suisse assets covered by the federal guarantee such that the system provides an incentive to achieve the fewest losses possible on the realisation of those assets.