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The co-chairman of the SP, Cédric Wermuth (37), wants a Swiss cantonal bank. The goal: Postfinance should become an SME bank with a public state guarantee.
This happened 200 years ago when cantonal banks were established because there was a lack of credit. “Now we have a lack of security,” Wermuth said in the Friday edition of the newspapers “CH-Media”. A Swiss cantonal bank would make the country’s economy more independent from the big bank UBS.
Like the Swiss Medical Institute for Medicines that tests new medicines, the financial market regulator Finma should examine financial market products for possible side effects. Speculative products related to proprietary trading and short selling would be eliminated. “You have to close the casino”, the SP National Council (AG) demanded.
As part of his proposal, Wermuth envisions a separate banking system. This is to avoid risks when separating speculative products.
(SDA)
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
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