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Switzerland toughens “too big to fail” rules in wake of Credit Suisse crisis

The UBS logo sits at the entrance of the its headquarters, Zurich, Switzerland.
Photo: Harold Cunningham/Getty Images

UBS calls measures “extreme” and says they are “neither proportional nor internationally aligned.”

The Swiss government has unveiled a new consultation on amendments to its Banking Act, aiming to significantly strengthen the “too big to fail” regime for systemically important banks.

The move, directly stemming from the lessons learned during the Credit Suisse crisis, seeks to reduce risks for the state, taxpayers, and