In a recent interview, Federal Councillor Karin Keller-Sutter expressed her satisfaction with the outcome of negotiations between Switzerland and the European Union.

Importance of Achieving a Balance of Interests

She emphasized the importance of achieving a balance of interests and noted that the decision to conclude the talks in 2021 was a prudent one.

Financial Aspects of the Negotiations

Keller-Sutter highlighted the financial aspects of the negotiations, particularly the CHF 350 million cohesion contribution that Switzerland is expected to pay.

She pointed out that this amount is less than what Norway contributes and that the payment is projected to commence around 2030.

Parliamentary Investigation Committee (PUK) Report

Keller-Sutter also addressed the findings of the Parliamentary Investigation Committee (PUK) report regarding the collapse of Credit Suisse.

She conveyed that she was not anxious about the report's release as it confirmed that her department had effectively prevented a broader financial crisis.

Departmental Handover and Challenges

Keller-Sutter clarified that she had briefed the Federal Council on various scenarios shortly after transitioning to the Department of Finance.

She acknowledged the challenges of the departmental handover and underscored that Maurer, like the Federal Council, was not directly responsible for supervising banks.

Effectiveness of Communication and Oversight

The PUK report has sparked discussions about the effectiveness of communication and oversight within the Swiss financial regulatory framework.

Keller-Sutter's comments reflect a commitment to transparency and accountability in the wake of Credit Suisse's difficulties.