Swiss banks are more resilient now than before crisis – Zurbrügg
‘Too-big-to-fail’ especially relevant for Swiss economy due to strong role of few major banks
The Swiss financial system is better equipped to both prevent banking failures and effectively resolve them, said Fritz Zurbrügg, vice-chairman of the Swiss National Bank, on September 6.
In a speech at the University of Lucerne, Zurbrügg said the challenges derived from too-big-to-fail banks are especially relevant in Switzerland. “The economic significance of the two big banks and also the size of the domestically focused systemically important banks” demanded effective regulations after the
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