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Federal Council issues opinion on report of Parliamentary Investigation Committee concerning Credit Suisse
The Federal Council has taken note of the report prepared by the Parliamentary Investigation Committee (PInC) on "Management by the authorities – CS emergency merger". It welcomes the fact that the PInC's report takes a positive view of the authorities' actions in the Credit Suisse crisis and of the solution chosen with the takeover by UBS. In its report for the attention of the Federal Assembly, the Federal Council sets out its position on the PInC's recommendations, motions and postulates. The work carried out by the PInC largely confirms the expediency of the measures envisaged in the Federal Council's report on banking stability of 10 April 2024.
Federal Council appoints new member of FINMA Board of Directors
At its meeting on 20 December 2024, the Federal Council appointed Aline Darbellay, Professor of Banking and Capital Market Law at the University of Zurich, as a new member of the Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA) with effect from 1 January 2025.
Federal Council adopts dispatch on financing for earthquake damage to buildings
At its meeting on 13 December 2024, the Federal Council adopted the dispatch on financing for earthquake damage to buildings for the attention of Parliament. It proposes that building owners should contribute to the costs of covering damage to buildings in the event of an earthquake. With this bill, the Federal Council is fulfilling a parliamentary motion.