US EditionClaude Baumann: «Swiss Bankers Cry Foul»
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finews.asiaClaude Baumann: «Swiss Bankers Cry Foul»
What was meant to be a lesson learned from the Credit Suisse debacle is turning into a speed bump for Switzerland’s international competitiveness – especially for the globally focused UBS, writes finews.com founder Claude Baumann.
The Swiss Bankers' Association (SBVg) reacts with a keen displeasure to the regulatory package presented today. What should have served as a lesson from the credit suisse crisis is now becoming a brake block on the international competitiveness of the local banking centre – above all for the globally oriented UBS.
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