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Swiss authorities, banks allegedly mull new rules to prevent bank runs (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The ongoingtalks, which have not been previously reported and are part of a broader review of the country's banking rules, are intended for the top Swiss banks and could target mainly their wealth clients, two sources said.

Among the measures being discussed is the option to stagger a greater portion of withdrawals over longer periods of time, one of the sources said. Imposing fees on exits is also an alternative being discussed, two of the sources said.

Rewarding clients who tie up their savings for longer with higher interest rates is being debated, one of the sources said.

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[–] RestrictedAccount 16 points 1 year ago (2 children)

How do you start a bank run?

Tell everyone to get your money out before we put in rules where you no longer get your money out.

[–] anewbeginning 7 points 1 year ago (1 children)

I imagine a lot of money in Swiss banks can’t really go anywhere else safely.

[–] RestrictedAccount 2 points 1 year ago* (last edited 1 year ago)

I imagine if that those accounts were big enough, Credit Suisse would still be in business.