Too Big to Fail

Summary

The last 15 years, the Swiss Government has been involved with the rescue of the two major Banks in Switzerland. The failure of Credit Suisse has been a an extreme event and important test of the banking regulation reforms which were implemented after the global financial crisis 2007/2008. Since then, this is the first failure of a large, internationally and interconnected bank considered as ‘too big to fail’.  

The Credit Suisse collapse has been a serious a test for the Swiss authorities’ and its ability to manage such an event. The merger of Credit Suisse with UBS brings numerous questions related to the robustness of the regulatory reforms as wells as the structure of the Swiss banking sector going forward.

In this event we will discuss

• The rescue process of two Swiss Banks within the last 15 years
• Preparation before the Crisis
• Crisis Management
• Political & Media Follow-up after public sector support
• Parliamentary Process in an election year
• The comparison and lessons learned
• The write-off of the AT1 Bonds and the impact
• Legal actions of bonds holders, shareholders, CS Staff etc.

Presenters

• Daniel Zuberbühler, Ex-EBK (FINMA) Regulatory
• Carlo Lombardini, Lawyer and Partner at the Law Firm Poncet Turrettini, Associate Professor of Banking Law at the University of Lausanne

Moderated by Jean-Noël Ardouin, EY, Financial Services Consulting Risk & Actuaria

Agenda

17:45 Doors open – Name Tag Collection
18:05 Welcome (Jean-Pierre Colombara)
18:10 Introduction (Jean-Noël Ardouin)
18:15 Presentation Daniel Zuberbühler
18:45 Presentation Carlo Lombardini
19:15 Q & A (all)
19:30 Networking drinks (all)
20:30 End

Chapter Event

This Chapter Event is available to the public and free. We will be presenting one or more speakers to share their knowledge, updates and best practices on a specific risk topic. Within the small groups of risk professionals you can exchange thoughts and test ideas. This event is hosted by the newly created Chapter Romandie.