Too-big-to-fail regulations: Federal Council launches consultation on amendments to Banking Act and Liquidity Ordinance

During its meeting on 12 August 2026, the Federal Council launched the consultation on amendments to the Banking Act and the Liquidity Ordinance. The proposed measures complete the overall package aimed at strengthening the stability of the financial centre. The requirements on bank governance and on crisis preparations for systemically important banks are to be increased. In addition, the tools and powers of the Swiss Financial Market Supervisory Authority (FINMA) are to be extended, and banks' access to liquidity from the Swiss National Bank (SNB) is to be expanded. The consultations will run until 19 November 2026.