Julius Baer shares rose 7.18% to CHF76.74 on Tuesday, nearing a 52-week high of CHF77.26 after Swiss regulator FINMA concluded a long-running enforcement procedure. FINMA said the bank committed serious breaches involving risk management and anti-money-laundering obligations, including loans to a European group and its founder that exceeded CHF1 billion and inadequate scrutiny of assets linked to two high-risk Russian politically exposed persons. The bank must hold CHF250 million of additional CET1 capital, down from the previous CHF500 million requirement, resulting in a de facto minimum CET1 ratio of 9.4%. Julius Baer reported a CET1 ratio of 18.5% at the end of June. The bank said the issues predated its current management, which has introduced remedial measures including a revised risk and compliance framework, governance changes and the wind-down of its private-debt business. Julius Baer remains focused on its 2026-2028 strategic cycle and has asked FINMA to approve the restart of its share-buyback programme.