In the wake of the 2008 bailout by the Swiss National Bank (SNB) and the Swiss taxpayer of the country’s largest systemic bank, Union des Banques Suisses (UBS), the authorities in Bern went straight to work to hammer out new financial legislation.
The banking system is bracing for difficulties after the events surrounding Silicon Valley Bank, Credit Suisse, and others. Patrick Lenain, senior associate at the Council on Economic Policies, shared his views on what should Vietnam watch for during this period.
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