UPDATE 1-UBS’s rescue of Credit Suisse creates new risks for Switzerland, OECD says

UBS's rescue takeover of Credit Suisse a year ago has created "new risks and challenges" for the Swiss economy, the Organisation for Economic Cooperation and Development said on Thursday, the latest international forum to raise concerns about the deal. The acquisition may have safeguarded financial stability, but also raises questions about UBS's domestic dominance and the need for stronger financial regulation in future, the OECD said in its economic review of Switzerland.