Federal Council brings "too big to fail" provisions into force
Bern, 15.2.2012 - Today, the Federal Council decided to bring the amendment to the Banking Act designed to resolve the "too big to fail" issue into force on 1 March 2012. This amendment was passed by parliament on 30 September 2011. As a result, systemically important banks will have to meet more stringent capital, liquidity and organisational requirements in the future. At the same time, the Federal Council adopted ordinance amendments that implement the tax measures set out in the amended legislation.