Switzerland is anxious to enact a law on "too big to fail"

Icon of a factory with a swiss flag.
The Swiss government is requesting comments on a draft law that would require Credit Suisse and UBS to increase their capital buffers and sell risky assets. The government wants to ensure that the country's major banks are not "too big to fail." "In the future, there should no longer be any banks that are too big to be abandoned by the state, or too big to fail," according to a statement from the government. Full story here