Switzerland's financial sector is under scrutiny due to past banking crises, such as the real estate bubble in the 1990s and the UBS bailout in 2008.

There are increasing calls to strengthen the Swiss Financial Market Supervisory Authority (Finma) by clarifying decision-making roles and increasing oversight of major institutions like UBS.

The lack of regulatory oversight in the 2010s, as seen in Finma's leniency towards Credit Suisse in 2017, raises concerns about a potential return to self-regulation, which could threaten the stability of Switzerland's financial system.

To prevent future crises, proactive measures and immediate intervention at the first signs of trouble are crucial as Switzerland aims to establish itself as a financial powerhouse.

The effectiveness of the proposed changes will be determined in the next 15 years, which are critical for the country's financial governance.