A brief history of Swiss banking oversight and its scandals

Over time, scandals and pressure from abroad have shaped the development of Switzerland’s banking regulations – while powerful financial lobbies have often managed to water them down. Three years after the collapse of Credit Suisse, the Swiss government wants to strengthen the country’s banking regulator. The planned reforms would give Switzerland tools which other countries with similarly sized financial centres have long had. One reform would enable the Financial Market Supervisory Authority…