Switzerland considers enhanced powers for financial regulator
UKPulse Money Desk
Switzerland is reportedly moving forward with plans to strengthen its financial regulator's ability to intervene at troubled banks and impose fines.
- Switzerland is pursuing a post-Credit Suisse crackdown.
- The financial regulator may gain greater powers to intervene at banks.
- The regulator may also be able to levy fines.
Switzerland is reportedly advancing with measures to enhance its financial regulatory framework following the Credit Suisse situation. The proposed changes could grant the financial regulator increased authority to intervene in banks experiencing difficulties.
Additionally, the regulator may be given the power to impose fines as part of these reforms.