SNB’s Hildebrand on too big to fail
Solving the too-big-to-fail problem is the biggest regulatory challenge, Philipp Hildebrand, a member of the Swiss National Bank's governing board, has said.
"The legacy of the current crisis is a banking system with large international institutions that now enjoy a virtual state guarantee," he said on Thursday. "A guarantee of this kind contradicts the basic principle of the market economy and presents us with a situation that cannot be tolerated."
The problem of too big to fail is especially
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