alpine peaks

The concept of «too big to fail” is being further cut down to size. Regulators in Switzerland have followed close behind their US and UK counterparts with similar proposals to ensure banking giants are prevented from becoming so big that they endanger the financial system. But the Swiss are also pushing the last-resort concept of capping a bank’s size, a taboo notion that authorities elsewhere have yet to discuss publicly. Switzerland has reason to consider more aggressive ideas. Its all-importa...