UBS has intensified lobbying efforts to prevent new regulations following the Credit Suisse crisis, with significant donations to conservative parties raising concerns. The SP calls for a ban on party funding from UBS, arguing that it undermines regulatory independence and accountability. The PUK report highlights how bank lobbying contributed to regulatory fatigue, impacting the effectiveness of FINMA.
UBS has decided to discontinue the political donations previously made by Credit Suisse, which amounted to one million francs annually, leaving parties like the SVP and PLR facing significant financial losses. In 2023, Credit Suisse contributed 450,000 francs before its takeover, while UBS has increased its own donations to 750,000 francs but does not plan to replace the lost contributions. This shift is particularly challenging for bourgeois parties that rely heavily on such donations, especially in an election year.
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