Reto Schiltknecht, a former Finma official and banking expert, has expressed concerns about the risks posed by Luzerner Kantonalbank (LUKB) to the canton of Lucerne.
He believes that the bank could be a potential cluster risk, meaning that its financial stability could have a significant impact on the region.
Schiltknecht suggests that the canton should develop a comprehensive emergency plan to mitigate any potential negative effects.
His insights emphasize the importance of taking proactive measures to protect the financial well-being of the canton in the face of increasing uncertainties.