Employees are the heart of the banks and a key factor for the stability of the financial center.

The Swiss Bank Employees Association (SBEA) comments on the planned amendment to the Banking Act and the Capital Adequacy Ordinance in the wake of the Credit Suisse crisis. For us, one thing is clear: the stability of the financial center is important, but the interests and jobs of bank employees must not be neglected. An excessive increase in capital requirements could jeopardize UBS’s attractiveness as a globally active Swiss bank and put additional pressure on employees. The SBEA is calling for a solution that strengthens the resilience of the banks, protects employees and continues the social partnership in order to safeguard their interests.