FINMA welcomes the Federal Council’s consultation drafts on the legislative package to strengthen the “too big to fail” framework
The Swiss Financial Market Supervisory Authority FINMA supports the consultation drafts presented by the Federal Council for the implementation, within the Banking Act and the Liquidity Ordinance, of the measures set out in the Federal Council’s “too big to fail” report and the PInC report on the CS crisis. These are key to strengthening banking stability and the reputation of the Swiss financial centre. To achieve the best possible results, FINMA recommends that the measures proposed be implemented as a comprehensive package. In particular, it advocates for the strengthening of instruments with a preventive effect.
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