• SWI SBA updated on assessment of the implications of the Credit Suisse takeover.
• Follows SWI SBA March 2023 showed support for Credit Suisse takeover.

Overview

• Takeover by UBS and measures taken by Swiss authorities were a drastic event for the Swiss financial center; SWI able to create stability with targeted, effective measures.
• At same time, from SWI SBA point of view, it is clear that an independent, complete and open-ended review of the events involving all relevant stakeholders is required.
• It can understand emotional nature of debate and questions raised by the takeover.
• Also the related concerns so it is committed to open-ended review of the events and government measures, if necessary, with Parliamentary Commission of Inquiry (PUK).
• As precise understanding of processes is the necessary basis for recommendations for improving regulation and determining responsibilities.
• Stability and prosperity of Swiss financial center are central to entire Swiss economy.
• In topic page comments on solution found, on current political transactions, questions.
• It further recalls the topic page is continuously updated.