Swiss banks should be subject to higher leverage ratio requirements, Swiss Finance Minister Eveline Widmer-Schlumpf was quoted as saying on Sunday. Under Basel III, banks will be subject to a leverage ratio requiring them to hold capital equivalent to at least 3 percent of their total non risk-weighted assets. Authorities have been grappling since the collapse of U.S. investment bank Lehman Brothers five years ago with the question of how banks regarded as systemically important, or too-big-to-fail, can be recapitalized without causing panic or needing taxpayer cash. After Switzerland's biggest bank UBS had to be bailed out by the government in 2008, Swiss regulators have implemented tough new capital requirements for banks that go beyond the Basel III rules, which were laid out by a committee of banking supervisors from nearly 30 countries.
via Business News - Yahoo Finance http://finance.yahoo.com/news/swiss-finance-minister-wants-banks-201640651.html
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