Swiss lawmakers shorten leash on ‘too big to fail’ banks

Switzerland’s parliament backed all proposals for regulation of big banks made by the investigation committee into the demise of Credit Suisse, completing a procedural step that will influence the government’s draft law on UBS capital requirements due in May. + Get the most important news from Switzerland in your inbox Lawmakers in the Senate voted on Tuesday in favor of sending four proposals to the government, after the House of Representatives had already backed them last week: + Read about the fight between UBS and Swiss regulators +How to tame UBS without making the bank toothless As both chambers of parliament backed the proposals, the government is obligated to present legislation fulfilling the demands. Separately from these bills, which originate from the parliamentary probe into Credit Suisse’s downfall, the government is already driving reforms. Those envision measures like boosting the capital requirements for UBS. + Where did it all go wrong for Credit Suisse? The ...