The Swiss government is considering the evaluation of regulations for large banks, according to Federal Councillor Karin Keller-Sutter. The Finance Minister is advocating for an open discussion on the matter. The recent report on the Credit Suisse crisis has raised questions about whether the “Plan B” for rescuing the bank would have been successful. The Swiss Financial Market Supervisory Authority (FINMA) confirmed that a plan for winding down the bank was ready for signing, but the decision was made to sell the bank to UBS instead. The Finance Minister has defended this decision, stating that liquidation would have posed greater risks and could have resulted in the loss of liquidity guaranteed by the government to the Swiss National Bank.

The Finance Minister emphasized that the government’s priority is to protect taxpayers and the stability of the Swiss economy. While a parliamentary commission will further examine the motives behind the decision, the government plans to conduct an evaluation of the “Too big to fail” regulations for systemically important banks. The question of whether the combined UBS-CS entity should have significantly increased capital requirements is a key issue in the debate on Swiss banks. The Finance Minister confirmed that a draft of the evaluation is already available and pledged to facilitate a thorough discussion on the matter.

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Information	Details
Geography	Europe
Countries	🇨🇭
Sentiment	neutral
Relevance Score	1
People	Karin Keller-Sutter
Companies	Nationalbank, Bundesrat, Eidgenössische Finanzmarktaufsicht (Finma), Credit Suisse, UBS
Currencies	None
Securities	None