Switzerland’s central bank said the government and regulators should carry out an in-depth review of rules aimed at preventing disastrous bank collapses, saying key guardrails failed to prevent Credit Suisse from needing to be rescued by Swiss competitor UBS.
| less than a minute read
Swiss central bank urges review of ‘too big to fail’ bank safeguards
“Looking forward, the experience with Credit Suisse shows the need for a review of the 'too big to fail' framework in order to facilitate early intervention,” the central bank said.
