The Federal Council has confirmed the implementation of the final Basel III standard, set to take effect on January 1, 2025. This decision reinforces Switzerland’s commitment to enhancing bank solvency and liquidity in line with international standards.
The updated Capital Adequacy Ordinance (CAO) will enshrine these standards into Swiss law, ensuring that banks maintain stronger capital backing for riskier areas of their business. Despite delays in other countries, Switzerland is on track to meet this crucial milestone.
Stay informed and prepare for these significant regulatory changes!
Click here for the official media release.