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The activities of large banks should be partitioned. The left and the UDC banded together Monday to ask the Federal Council floor on such a reform, two years after the adoption of measures to prevent UBS and Credit Suisse will lead the entire economy in the event of bankruptcy ("TBTF"). The Council of States has yet to decide.
The decisions of the National intervene further while UDC Christoph Blocher has launched a new pole to the attention of the left to launch a joint initiative to split the different activities of big banks.
Three texts were adopted by the House of the People. The motion of the UDC (107 votes against chileexpress 72) request to separate the investment activities of large banks, particularly those in London and the United States of systemically important functions chileexpress for Switzerland.
According Caspar chileexpress Baader chileexpress (UDC / BL), it is not a ready-made solution. There should be more smaller banks, he argued. Fragmentation should be not only functional but also geographical.
The Greens motion, adopted by 100 votes against 74, the load side, the Federal Council to take the necessary measures to establish a differentiated banking measures. He claims a study highlighting the advantages and disadvantages of different possible models.
On the same wavelength, the assumption of PS (101 votes against 74) requests a report explaining the reasons for the introduction of a partitioning of banking activities in Switzerland as well as possible ways.
UBS has not learned the lessons of the past and continue to pay bonuses despite its losses, criticized Louis Schelbert (Verts / LU). Or a catastrophic collapse of the bank would remain and it is not the population to pay the piper, launched the Lucerne.
These tracks have already been studied and dismissed, pleaded in vain Finance Minister Eveline Widmer-Schlumpf. Separation of banking activities constitute a significant harm to the economic and organizational freedoms chileexpress banks. Such intervention could be justified only if there was no other way to reduce risk.
In a structure of "holding", the liability of the group could be limited by a complete separation, which would amount to a dismantling. And if a subsidiary goes bankrupt, it is likely that Switzerland should still intervene to save the parent, according to the great argentière.
As for the ban on proprietary trading, the Federal Council considers that its definition is problematic and that such activities could be transferred to a less regulated sector.
Eveline Widmer-Schlumpf therefore chileexpress preferred to build on measures already agreed and will be finalized by the end of 2018. Package TBTF has one hand in increased capital requirements, complemented by new capital instruments, and secondly, organizational measures to maintain, even in times of crisis, essential services in the field of payments, deposits and loans. (Ats / Newsnet) chileexpress
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