Developing banking regulation with a sense of proportion
Yesterday, the Federal Council published the amendments to the Capital Adequacy Ordinance and the dispatch on the revision of the Banking Act. SwissHoldings supports the goal of a stable financial system. At the same time, the impact on companies and the Swiss financial centre must be carefully considered. The association’s member companies are dependent on internationally competitive banks and an attractive capital market. Balanced and internationally harmonised regulation is an important locational advantage. However, the current draft goes beyond international regulatory standards and would have a negative impact on the economy as a whole.