Swiss government adopts amendment to too-big-to-fail bank rules

May 11, 2016 5:41 PM

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ZURICH Switzerland's government on Wednesday settled on the final version of new too-big-to-fail (TBTF) bank rules, designed to protect the Swiss economy from the collapse of a major bank.

Solving the TBTF problem has been a priority for U.S. and European regulators after several banks, including UBS (UBSG.S), were bailed out by taxpayers during the financial crisis.

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