Federal Council adopts amendment of too-big-to-fail provisions
Bern, 11.5.2016 - During its meeting today, the Federal Council adopted the amendments to the current too-big-to-fail provisions, thereby fleshing out the need for action identified in the evaluation report of February 2015 on the too-big-to-fail risks in Switzerland. The new requirements have to be met by the end of 2019. The resilience of systemically important banks will be further enhanced as a result, and the possibility of restructuring or orderly resolution without costs to taxpayers will once again be improved. With the new provisions, Switzerland will be one of the countries with the highest capital requirements in the world for global systemically important banks and will meet the capital standard for such banks as approved by the G20 countries. The amendments will enter into force on 1 July 2016.