Friday, 12th March 2010

 

1 October 2009 - Press Briefing

Swiss financial regulator outlines strict targets for leading banks

Switzerland's Financial Market Supervisory Authority on Wednesday urged systemically important domestic banks like UBS and Credit Suisse to conform to “more-stringent prudential requirements in order to strengthen their crisis resistance", according to a report in The Wall Street Journal.

Outlining fresh regulation targets for the period from 2010 to 2012, Finma said that too-big-to-fail” banks must support the “preventive limitation of inherent risks, especially in terms of governance, risk management, capital adequacy and liquidity".

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