Press releases
Civil action in New York: court dismisses action brought by AT1 bondholders
The competent United States District Court in New York has dismissed the civil action brought by a group of AT1 bondholders against the Swiss Confederation, seeking damages of USD 370 million.
Switzerland and the United States issue a joint statement on foreign exchange matters
The Federal Department of Finance (FDF), the Swiss National Bank (SNB) and the US Department of the Treasury have issued a joint statement on macroeconomic and foreign exchange matters, in which Switzerland and the USA reconfirm that they do not target exchange rates for competitive purposes.
Federal Council launches consultation on the capitalisation of foreign participations by parent companies of systemically important banks
During its meeting on 26 September 2025, the Federal Council launched the consultation on amendments to the Banking Act and the Capital Adequacy Ordinance. Under the amendments, systemically important banks in Switzerland would be required to provide full capital backing for their participations in foreign subsidiaries in future. The capital requirement will be raised in increments over a seven-year period. The consultation will last until 9 January 2026.
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