Switzerland should pick bail-in over rescue, regulator says

08/8/2013 | Reuters

The Swiss Financial Market Supervisory Authority has thrown support behind a bail-in as the preferred method of dealing with a collapse of UBS or Credit Suisse, rather than a government rescue. "This recapitalisation must be sufficient to meet the needs of all group companies in Switzerland and abroad," according to a FINMA position paper. "This buys time with regard to restructuring the affected banks so that they can return to viable operation."

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