The US SEC has removed a legal obstacle for UBS's crisis-resolution plan, easing regulatory pressure as the Swiss bank integrates Credit Suisse operations.

The U.S. SEC cleared a key legal hurdle for UBS by allowing potential debt-to-equity conversions under its crisis-resolution plan without enforcement action. The move supports…

The US SEC has removed a legal obstacle for UBS's crisis-resolution plan, easing regulatory pressure as the Swiss bank integrates Credit Suisse operations.