24. März 2025|
AI
|9 months agoSwiss Parliament Strengthens Banking Regulations Post-Credit Suisse
Swiss lawmakers approve stricter banking supervision rules, addressing systemic risks two years after Credit Suisse crisis
AI
Generated IllustrationKey Takeaways
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- Swiss lawmakers have approved a report recommending tighter banking rules and reinforced supervisory authority.
- Credit Suisse was one of 30 international banks designated as 'too big to fail'.
- UBS acquired Credit Suisse for $3.25 billion in a government-brokered deal.
- Parliament adopted proposals focusing on bonuses, capital requirements, and FINMA's powers.
By The Numbers
$3.25 billion
Takeover price
30 percent
Share price drop
3
Bank failures
They Said
"UBS XXL now represents one of the greatest risks to the prosperity and stability of our country."
"Crises don't follow scripts... we don't know what the next crisis might look like."