Politics Council of States wants stricter rules for systemically important banks

The Council of States wants stricter rules for systemically important banks following the CS-UBS emergency merger. It has adopted a corresponding motion by the Parliamentary Commission of Inquiry into the CS crisis.

Keystone-SDA

10.03.2025, 18:29

10.03.2025, 18:39

SDA

Specifically, the PUK is calling for systemically important banks to be subject to less stringent capital and liquidity requirements. The Federal Council is to draw up a draft decree to this end.

The committee made this demand because it came to the conclusion in the report on the emergency merger of Credit Suisse and UBS that the Swiss Financial Market Supervisory Authority Finma had granted CS extensive relief with regard to capital requirements from 2017. This "regulatory filter" had obscured the real situation of CS.

UBS, Zürcher Kantonalbank, Raiffeisen and Postfinance are considered systemically important in Switzerland. The PUK motion now goes to the National Council.

The aforementioned motion is one of a total of ten motions tabled by the PUK on the CS crisis. The Council of States adopted all of them on Monday.