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The Swiss parliament worked on the Credit Suisse debacle for two days. Votes weren’t always flattering for the banking profession. Solothurn SP Legislature Roberto Zanetti (68) even unpacked the verbal two-handed sword, speaking of “bankster” in his vote and extolling the profession of bank robber: “I really have to tell you, I have more. He’s accepting a much higher entrepreneurial risk than all these punks on Wall Street who present themselves to us as know-it-alls and have now put a bank against the wall for the second time!»
Marcel Rohner (58) doesn’t quite understand generalizing verbal attacks: “In Switzerland, more than 100,000 people work in the banking sector every day doing a good job,” said Blick, President of the Swiss Bankers Association. “It hurts me that all these serious bank employees are so discredited by a few people.”
understanding of anger
But in principle, the chief banker can understand the emotional debate in the councils: “It’s understandable that there was a lot of anger after an event like this. It’s good that such a massive intervention by the state has sparked a deep-rooted debate.”
Rohner is dissatisfied with the National Council’s rejection of emergency loans. “It would be nice if the two councils agreed. That would bring more stability », notes Rohner.
However: Financial markets were not affected by the votes, the shares of the two big banks in the stock market are increasing.
brutal processing
The demand for a comprehensive handling of the CS debacle is particularly important to Rohner: “We still don’t have a complete picture of the situation, how fast and how strong the outflow of client funds really is. We don’t know if the bank still has the solvency.” It is important to fully know the decision-making process that led to the acquisition of UBS.
It’s in the interest of the entire financial center that the fall of Switzerland’s second-largest bank is ruthlessly handled. Will the Bankers Association put pressure on it? “The clear demand for clarification is on the table. Now I am confident that things will move quickly and processes will be elaborated,” says Rohner.
Because right conclusions can only be reached when all the facts are on the table in order to make differentiated decisions about new rules in the financial center.
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.
