What was the significance of the support from regulators in the US and UK?
Finma CEO Angehrn Says US Regulators Support UBS Deal
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The transcript discusses the intense negotiations involving the National Bank, Federal Council, and other key players, highlighting the global regulatory support for financial stability. It also addresses concerns about the size and regulation of Swiss banks, emphasizing the need for appropriate capital and liquidity frameworks.
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How does the text describe the regulatory framework for large banks?
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