The industry association considers the regulatory package submitted for consultation by the Federal Council to be excessive. «Additional powers alone do not lead to better supervision,» the Swiss Bankers Association said with regard to Finma.

The Federal Council on Wednesday opened the consultation process on the «too big to fail» regulation. At the heart of the package are a new accountability regime, stronger powers…

The industry association considers the regulatory package submitted for consultation by the Federal Council to be excessive. «Additional powers alone do not lead to better…