Swiss Lawmakers Make Over 30 Proposals for Bank Oversight Reform

Switzerland is strengthening financial regulation following the collapse last year of Credit Suisse, with the latest impulse being a comprehensive inquiry by the parliament.

Lawmakers published their report on Friday, with more than 30 separate proposals which can feed into new legislation in combination with the government’s own roadmap which was published in April.

Here is a selection of the findings:

• The parliamentary commission — known by its acronym PUK — backed giving the regulator Finma the power to fine banks and individuals, going further than previous government proposals that envisioned fines only for lenders. Finma is one of ...