While the London insurance and reinsurance market has been growing it is being outpaced by other markets and insurance-linked securities (ILS) is again
The Swiss government will this month present proposals aimed at protecting the country against the risk of banks deemed "too big to fail" in response to UBS's emergence as the country's sole big lender with its 2023 takeover of Credit Suisse. The state could not abandon these banks, giving them implicit government guarantees, making them too big to fail (TBTF). The collapse of Credit Suisse and several regional U.S. banks last year showed TBTF rules were insufficient.
Factbox-Swiss Government s Too Big to Fail Proposals Loom for UBS usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Switzerland's financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of the Credit Suisse collapse.