[Swiss Financial Market Supervisory Authority ends investigation process against Julius Baer] On September 29, Julius Baer Bank Group stated that the Swiss Financial Market Supervisory Authority (Finma) has terminated the enforcement procedure against the bank and the bank has submitted a stock repurchase application. The bank said in a statement on Tuesday: "We note that the Swiss Financial Market Supervisory Authority announced today that the merger enforcement procedure has been concluded. This procedure involves major credit events that occurred in the original private debt business, as well as historical anti-money laundering-related legacy matters for some customer groups." CEO Stefan Bollinger said in the statement that the bank "reached an important milestone." Julius Baer confirmed that it has submitted an application for a share buyback plan to the Swiss Financial Market Supervisory Authority and is awaiting final approval. The announcement stated that banks need to maintain an additional core tier 1 capital of 250 million Swiss francs (equivalent to US$300 million), corresponding to the actual minimum core tier 1 capital adequacy ratio requirement of 9.4%, which is lower than the previous additional capital requirement of 500 million Swiss francs.