Switzerland has increased the rate of bank reserves

All the efforts of lobbyists, the leading banks in Switzerland in vain: the Government adopted the same law, which should reduce the economic risks in the event of the collapse of two systemically important institutions - UBS and Sredit Suisse. Now, these banks will have to bring the level of redundancy on equity to 19%. About this newspaper RBC daily on Friday, April 22. Mandatory reserve for Swiss banks are now twice as much as the requirements of new international financial rules of Basel III », and almost equal with the Chinese (20.5%). However, the introduction of the new law came into force in Switzerland is planned for 2018. The Swiss authorities make serious conclusions from the lessons of the recent financial crisis, after the fall of 2008 they had saved from complete collapse of the bank UBS, which is to risky transactions with a mortgage has lost more than $ 50 billion That's when the government is fully aware of how the Swiss economy depends on well-being leaders of the national financial sector. Suffice it to say that the total balances of UBS and Credit Suisse exceed the size of Switzerland's GDP more than quadrupled. Thus, banks are not simply "too big to fail" - they are too large to the state could, if necessary to save them. The current reform is based on a proposal to work in the past year, the expert commission, which held that UBS and Credit Suisse have to be apart from the share of equity of 10%, as required by the Basel III », has an additional 9% risk-weighted assets in the form of its own bonds of forced conversion of the loan. If necessary, these securities will automatically receive the status of equity. In addition, major banks in Switzerland are required to replenish their stock of liquidity and improve risk management. Here we are talking about institutional arrangements that should ensure that in the event of bank failure state can continue to operate its major divisions, such as traditional banking. However, in this part of the financial reform is not as rigid as in many other countries. For example, British authorities demanded that the banks a clear separation between the entities involved in business with private clients and investment banking. So far the Swiss have not dared to go, believing that it would violate the universal banking model with UBS and Credit Suisse.