Switzerland's government to recommend stricter rules for "too big to fail" banks, including UBS, following Credit Suisse rescue.
Switzerland's government is set to publish recommendations for policing banks considered "too big to fail", potentially imposing stricter rules on UBS, the country's sole remaining major bank. UBS rescued its rival Credit Suisse a year ago, leaving it exposed to the risk of another banking crisis. The Swiss government's proposals, expected this month, could see UBS required to increase its capital reserves to protect against a Credit Suisse-style collapse.
April 08, 2024
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