Write to us
Phone +41 22 807 08 00
Fax +41 22 320 12 89
Prudential rules must not be identical for all banks
Regulation is a necessary evil to avoid a « wild » practice of certain professions. Many areas, however, suffer from an excess of rules, which obliges them to spend more and more time documenting the execution of their activity - at the expense of the latter. This administrative burden is especially heavy for banks, whereas the Swiss law imposes to respect the principle of proportionality, which means to be limited to what is necessary.