Swiss Finance Minister Says Stricter Bank Rules Needed for Trust
- Keller-Sutter says can’t exclude introduction of bank fines
- Government “really committed” to finance center, minister says
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Swiss Finance Minister Karin Keller-Sutter said efforts to revamp banking regulation are designed to ensure trust in the nation’s financial center and help it remain a world leader in the aftermath of Credit Suisse’s demise.
“We have to find a balance between competitiveness on the one and the protection of the economy on the other side,” Keller-Sutter, 60, said at a Bloomberg event in Zurich on Thursday. “The government is really committed to having a competitive financial center.”