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Swiss parliament debates banking regulation amid concerns over UBS's systemic risk

Swiss parliament is grappling with the implications of UBS's acquisition of Credit Suisse, as the Socialist Party pushes for stricter banking regulations and a ban on political donations from major banks. They argue that current proposals from the parliamentary commission of inquiry fall short in addressing systemic risks posed by "too big to fail" banks. Meanwhile, right-wing parties caution against over-regulation, emphasizing the importance of maintaining Switzerland's financial center competitiveness.
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