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.
The Swiss Socialist Party demands urgent measures to mitigate the risks posed by the oversized UBS, including a ban on bonuses for executives and party financing by the bank. They argue that the current Too Big to Fail regulations are inadequate and call for increased capital requirements and a faster revision timetable to protect taxpayers from potential financial crises.
The SP Switzerland demands urgent measures to mitigate the risks posed by the oversized UBS, calling for a ban on bonuses for systemically important banks and an end to party financing by UBS. They criticize the slow revision of too-big-to-fail regulations and highlight the need for higher capital requirements and stronger oversight of financial institutions to protect taxpayers from potential crises.
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