Switzerland Is Reworking Its Rulebook to Stop Another Banking Meltdown

Switzerland is accelerating efforts to reform its banking regulations a year after the collapse of Credit Suisse — and handing more power to those who will enforce them.

The government is due to unveil long-awaited proposals for legislation in the coming days that are likely to touch on all of the main pillars of bank oversight, from capital and liquidity rules to controls on governance. UBS Group AG — the country’s sole remaining globally-systemic bank that’s now over twice the size of the domestic economy — is in for heightened scrutiny.

A key plank is strengthening Finma, the banking watchdog which was ...