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Serge Gaillard, 68, former director of the Federal Finance Administration, claimed all rights to Postfinance. In an interview with “NZZ am Sonntag” he said that the bank should be allowed to issue loans and mortgages.
“What we have today is a political failure,” Gaillard said in an interview published Sunday. Postfinance currently has to guarantee payment transactions and offer secure accounts. However, it should not invest its money in a diversified manner and offer it in the form of a mortgage to the Swiss public.
With the merger of UBS and Credit Suisse, the options in the lending business for companies have also shrunk. Foreign banks are at risk of entering this market,” he said. Gaillard was director of the federal financial administration until early 2021.
Government guidelines for bonuses
On Friday, co-chairman of SP Cédric Wermuth (37) called for the expansion of Postfinance into a public state-guaranteed SME bank. He also envisioned control of financial products by the financial market regulator Finma, Wermuth told CH Media.
State support also legitimizes federal government regulation of bonus payments and remuneration of the board and senior bank management, according to Gaillard. “Today will be an opportunity to resolve this question in the future, rather than complaining again later,” he said in an interview with “NZZ am Sonntag”. (SDA/koh)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
