SNB's Hildebrand backs tough stance on banks

The integrated bank model can be successful even with new and significantly tougher capital and liquidity requirements, said Philip Hildebrand, vice chairman of the Swiss National Bank, in an interview to the Tages-Anzeiger, a Swiss daily.

Earlier this month, the Swiss Federal Banking Commission, announced plans to impose stricter capital rules on UBS and Credit Suisse by October. The central bank supported this move. The new rules would, for instance, introduce a leverage ratio, which caps the

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