) to deal with a financial crisis are effective, Switzerland’s regulator FINMA said on Tuesday.
The review followed the implementation of Switzerland’s Too Big to Fail rules, aimed at reducing risks in the country’s financial system and avoiding the need for taxpayer-funded rescues. Under the recovery plan, the banks are obliged to set out measures to ensure their stability in a crisis and be able to continue their operations without government intervention.
Please, let us revisit this tweet in twelve months, then again in twenty four months, to assess it against the 'real world' of finance.
Heard that before and before / problem is : window dressing
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