The Swiss government has settled on a final version of new too-big-to-fail bank rules, which have been created to protect the Swiss economy from a collapse of a major bank. Included in the new European laws is the requirement of a 5 percent leverage ratio of core capital to total assets for U.S. 's one largest banks, Credit Suisse and Credit Suisse . In a concession however, the Swiss government have rolled back a proposal to constrain balance sheets if they grow beyond a certain size. Arnd Wiegmann ZURICH (Reuters) - The new rules are to take effect from 1st July this year .
The Swiss government has settled on a final version of new too-big-to-fail bank rules, which have been created to protect the Swiss economy from a collapse of a major bank. Included in the new European laws is the requirement of a 5 percent leverage ratio of core capital to total assets for U.S. 's one largest banks, Credit Suisse and Credit Suisse . In a concession however, the Swiss government have rolled back a proposal to constrain balance sheets if they grow beyond a certain size. The new rules are to take effect from 1st July this year .