Zurich (dpa-AfX)-The Swiss finance minister Karin Keller-Sutter pleads for a rapid implementation of large banking regulation. “I hope that you remember the liberal principles a little and are not delaying a template that is important for the financial stability,” said the Federal Councilor “Sonntagsblick”.
After the summer break, the Federal Council will comment on a motion from the business commission, said Keller-Sutter. At the end of June, the Commission approved an application that the question of UBS capital is not to be considered independently of other large banking regulation projects. The application was submitted by her party colleague and FDP National Councilor Beat Walti.
Parliament in responsibility
In general, however, the Federal Council is of the opinion that when it comes to the subject of the UBS foreign state, parliament should also take on responsibility, said Keller-Sutter. “When we presented the report on banking stability, it was a central topic that was also recorded by the PUK.” Originally, the full deferral of the daughters of abroad should have been regulated by the Federal Council at the prescription level.
The measure is an important component of bank regulation, emphasized the finance minister. The decisive factor is who bears the risk of business activity – the bank and its owners or taxpayers. “It is important that the parliament can position itself transparently and that the Federal Council does not decide alone.”
Big and clear lobbying
The danger that the project will be trimmed always existed, she admitted. This is also with the other measures that the Federal Council brings. “The lobbying is very large and very clear.”
It is repeatedly approached by citizens that the banks have to be regulated in such a way that the taxpayer does not have to step in again. A system-related bank like UBS will never be able to let go of uncontrolled, emphasized Keller-Sutter. This is simply because the immense damage for the rest of the economy would cause. “This means that UBS actually has a state guarantee.”
Access to Trump
The Swiss finance minister Donald Trump has had good experiences: In her conversation after the customs announcement, she “obviously found access to him”. He was very interested in Switzerland and asked many questions. “We talked about different things. Of course also about the customs question.”
Keller-Sutter will travel to the USA in October, but not to meet the US President. “At the moment it is not planned that I will meet President Trump.”/TP/to/AWP/He
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