The Swiss government does not see any need for fundamental changes in the way big banks including UBS Group and Credit Suisse are regulated, it said on Wednesday after a review it does every two years.
“However, the Federal Council considers it necessary to make specific adjustments to the gone-concern capital requirements for Swiss units of the two big Swiss banks,” it said.
“The Federal Council also sees a need for clarification regarding the discount system, the staggered timing of bail-in bonds (conversion of debt into equity) and the liquidity requirements for systemically important banks.”