class=”sc-3778e872-0 cKDKQr”>
The SP faction in the federal parliament only wants to approve the federal financial guarantees of CHF 109 billion for the acquisition of Credit Suisse under one condition. It says: Parliament must immediately demand a new regulation so that a case like that of CS cannot happen again.
The SP group decided this during a meeting on Wednesday, reports the “Tages-Anzeiger”.
SP Switzerland and SP co-chair Cédric Wermuth tweeted this message, confirming it. Wermuth quoted the key statement in his short tweet, adding, “We’re not ready to close our eyes.”
After Easter, the federal parliament will decide on the deployment credits during a special session. The finance committees of both councils say yes.
On the one hand, there is a federal default guarantee of CHF 100 billion for liquidity support loans to CS. The second CHF 9 billion pledging loan is intended to cover UBS losses. The two finance committees of the federal parliament have already voted in favor of the commitment appropriations.
But the SVP faction recently announced that it would only agree to the federal financial guarantees under certain conditions. The SVP wants a binding commitment from the federal government to improve so-called “too big to fail” banking regulation. (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.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…