Regulatory Handcuffs Will 'Kill 30% Of Swiss Banks'Guest Post
Regulatory Handcuffs Will 'Kill 30% Of Swiss Banks' by Matthew Allen, SwissInfo.ch
Up to 30% of Swiss banks will be smothered to death under the weight of increasingly draconian regulations within the next five years, UBS bank’s chief executive Sergio Ermotti has warned at a financial industry conference in Bern.
Every year, regulations drain the Swiss economy of 10% of its gross . . .
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