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Swiss watchdog FINMA sees increased risks for financial sector

Reuters
The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern

ZURICH (Reuters) - Swiss financial watchdog FINMA sees heightened danger for the sector given great uncertainty about interest rates and the economy, it said on Thursday.

In its annual risk monitor publication, it identified seven principal risks for the financial sector, including from interest rates, credit linked to mortgages and other loans, cyberattacks, combating money laundering, and increased impediments to cross-border market access.

Risk from widening of credit spreads was cited for the first time.

(Reporting by Michael Shields; editing by John Stonestreet)