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. Under the proposals, banks would be required to hold more capital against their assets and pay higher fees for doing so. In a concession however, the Swiss government have rolled back a proposal to constrain balance sheets if they grow beyond a certain size. two biggest banks, UBS and Credit Suisse (CSGN.S). 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. Under the proposals, banks would be required to hold more capital against their assets and pay higher fees for doing so. 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.