The Council of States’ Economic Affairs and Taxation Committee (WAK-S) has achieved a breakthrough in the revision of the Banking Act. The interests of banking employees are finally being taken into account: on the one hand, binding social plans for systemically important banks are being enshrined in law; on the other hand, a first step has been taken towards a compromise on the additional capital requirements. The Swiss Bank Employees Association (SBEA) expressly welcomes the decision.