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Swiss finance minister urges banks to contribute to stability

In a global context marked by geopolitical tensions and economic uncertainties, Switzerland offers companies something invaluable – stability – but it is also up to them to do their part, said Swiss Finance Minister Karin Keller-Sutter. +Get the most important news from Switzerland in your inbox Speaking on Thursday in Bern at a symposium on private banking organised by the Swiss Association of Private Banks (VSBP) and the Association of Swiss Asset Management and Institutional Banks, the finance minister warned: "All those who benefit from stability today, but who could jeopardise it tomorrow, must also contribute to it". The reference is evidently to Swiss bank UBS, which in recent weeks has opposed the government's plans to tighten capital requirements for systemically important institutions. "The federal government appreciates the fact that Switzerland has a big bank, but we have to limit the risk for taxpayers," said Keller-Sutter. She rejected the notion that the state "would ... Full story here Are you the author?
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