Save Yourselves

摘要

The casualty list from the credit crisis does not stop at investment banks and Iceland. The idea of the international bank is also coming under pressure. The argument that being in lots of countries diversifies risk looks thinner now that the downturn has the world economy in its grip. A brace of regulatory initiatives also suggests that national authorities have become much more focused on their own interests. The Swiss Federal Banking Commission has released details of its beefed-up capital regime, which will help to restrain growth in assets when times are good. The biggest Swiss banks, UBS and Credit Suisse, will be subject to higher risk-weighted capital requirements and to a new leverage ratio of at least 3%, which caps the amount of total assets that a bank can hold regardless of the risk they entail.