UBS must build up more equity, says Swiss government
In order to better protect taxpayers from the corporate failure of a systemically important bank in future, the Swiss government presented a catalogue of 22 measures for “too-big-to-fail” regulation on Wednesday. However, there is no single panacea, said Finance Minister Karin Keller-Sutter in an interview with the Schweiz am Sonntag newspaper. Keller-Sutter emphasised the importance of the proposal that the Swiss parent companies of systemically important banks must in future back their foreign holdings with up to 100% equity. Читать дальше...