Factbox-Swiss government’s ‘too big to fail’ proposals loom for UBS

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Media Conglomerate: Midwest Communications

Factbox-Swiss government’s ‘too big to fail’ proposals loom for UBS

ZURICH (Reuters) – The Swiss government will this month present proposals aimed at protecting the country against the risk of banks deemed “too big to fail” in response to UBS’s emergence as the country’s sole big lender with its 2023 takeover of Credit Suisse. Following are key points surrounding the plan: WHAT DOES TOO BIG TO FAIL MEAN? The 2007-09 financial crisis showed the collapse of systemically important banks put entire economies…