Switzerland's Commission of Experts has recommended tougher capital requirements and a range of other measures to be imposed on its two largest banks in a bid to minimise the systemic threat they pose.

The commission, which is made up of members of government, academia and the private sector and whose two vice chairmen are senior executives from the Swiss National Bank and Finma, the regulator, was unanimous in recommending a raft of regulatory changes including the requirement for UBS and