ZURICH, June 4 (Reuters) – Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on Tuesday.
The call is one of FINMA’s demands for increased powers after the authority came under fire over its handling of Credit Suisse’s collapse last year.
“Today, the publication of enforcement proceedings is the exception,” Walter told the newspaper. “In the future, non-communication should be the exception.”
Source: REUTER
