Federal Council wants to address TBTF weaknesses identified by PUK
Published: Friday, Dec 20th 2024, 14:40
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Like the parliamentary commission of inquiry (PUK), the Federal Council is of the opinion that the too-big-to-fail (TBTF) regulation has weaknesses. It wants to incorporate the findings of the commission into the planned strengthening of the regulations for systemically important banks.
The Federal Council expressed its satisfaction with the report in that it positively acknowledged the actions of the authorities in the Credit Suisse crisis and the solution chosen with the takeover by UBS. This was welcomed by the Federal Council, it said in a statement.
The national government is also satisfied that the PUK came to the conclusion that the merger of CS with UBS was preferable to the alternatives examined. The PUK also found that the authorities were able to take measures comparatively quickly to overcome the crisis thanks to preparations.
In a report to Parliament, the Federal Council will comment on the recommendations, motions and postulates of the PUK. The PUK report confirms that the measures envisaged in the April 2024 report on banking stability are appropriate.
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