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Switzerland pushes ahead with post-Credit Suisse crackdown

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NEWSDECK ANALYSIS
The collapse of Credit Suisse has prompted a re-examination of Switzerland's banking regulations, with a focus on preventing similar failures in the future. The country's financial sector is a significant contributor to its economy, and the government is keen to maintain stability and confidence in the system. Switzerland's financial regulator, FINMA, currently has a range of powers to oversee banks, but the proposed changes may grant it even greater authority to take action.
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Switzerland pushes ahead with post-Credit Suisse crackdown
Financial regulator may be given greater powers to intervene at troubled banks and levy fines
12 Aug, 12:05
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