Opinion on the amendment of the Capital Adequacy Ordinance and the Banking Act (implementation of the measures from the Federal Council’s report on banking stability and the report of the parliamentary commission of inquiry)

The Federal Council wants to strengthen the Swiss financial center by amending the Banking Act and the Capital Adequacy Ordinance. The SBEA supports this goal in principle, but warns that stricter capital requirements could weaken Switzerland as a business location and jeopardize jobs.

In its statement, the SBEA calls for the impact on employees to be carefully examined and for their perspective to be included in political decisions. In addition, there is a need for clear management responsibilities, a corresponding criminal code and a supervisory authority that consistently fulfills its role to ensure that a case like that of Credit Suisse is not repeated.