Swiss National Bank (SNB)<\/a>.<\/p>\nBanks with at least 250 employees would come under a new senior managers regime.<\/p>\n
They would have to clearly set out who is responsible for key decisions and business areas.<\/p>\n
Tougher Bonus Rules for Senior Bank Executives<\/p>\n
New pay rules aimed at limiting excessive risk-taking would apply across the banking sector.<\/p>\n
Senior or highly paid executives at systemically important banks would also face longer holding periods for variable pay and clawback provisions.<\/p>\n
FINMA could step in earlier when it sees governance problems or signs that a bank\u2019s financial position is getting worse.<\/p>\n
It would also be able to fine institutions for rule breaches and impose penalties when ordered measures are not carried out on time.<\/p>\n
Stronger Crisis Planning and Liquidity Rules<\/p>\n
Systemically important banks would face tougher requirements for recovery and resolution planning.<\/p>\n
The proposals would also make it easier for banks to prepare and transfer collateral when seeking SNB liquidity.<\/p>\n
Systemically important banks would face minimum requirements, while category 3 banks would follow a risk-based approach. Smaller category 4 and 5 banks would not be affected.<\/p>\n
The Federal Council opened a consultation on changes to the Banking Act and Liquidity Ordinance on 12 August. It runs until 19 November 2026.<\/p>\n
Credit Suisse collapsed in March 2023 after a crisis of confidence and was taken over by UBS in a government-backed rescue.<\/p>\n
The episode prompted Switzerland to review gaps in its existing too-big-to-fail rules.<\/p>\n
\u00a0<\/p>\n
Featured image: Edited by Fintech News Switzerland, based on image by Nadia Vasil\u2019eva<\/a> via Pexels<\/p>\n","protected":false},"excerpt":{"rendered":"Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox Switzerland is proposing stricter…\n","protected":false},"author":2,"featured_media":115194,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[56169,13835,41,4846,17],"class_list":["post-115193","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-financial-market-supervisory-authority","tag-finma","tag-swiss","tag-swiss-national-bank-snb","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117089812292127380","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=115193"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/115194"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=115193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=115193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=115193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}