Tag Archives: CapLaw-2012-5

“Too Big To Fail” Bill Will Enter Into Force on 1 March 2012

On 15 February 2012, the Federal Council decided that the draft bill “Too Big To Fail” resulting in an amendment of the Banking Act will enter into force on 1 March 2012. This amendment was passed by parliament on 30 September 2011. Under the new rules systemically important banks will have to meet more stringent capital, liquidity and organisational requirements in the future. At the same time, the Federal Council adopted ordinance amendments that implement the tax measures set out in the amended legislation.

Reference: CapLaw-2012-5