Switzerland’s financial regulator, Finma, is investigating Julius Baer Group Ltd over concerns about inadequate risk-control measures that contributed to the bank’s exposure to bankrupt real estate mogul Rene Benko.
![Julius Baer Office. PHOTO: ALP/Swissinfo](https://krugmaninsights.com/wp-content/uploads/2023/12/154781197-jpg-1024x576.webp)
The investigation, which predates the collapse of Benko’s Signa real estate empire, focuses on the lack of separation between the bankers responsible for structuring loans and the teams managing