Not too hasty with new bank regulations

Switzerland wants to raise the capital quotas for the country's biggest banks Credit Suisse and UBS considerably above the international standard. The upper chamber of the Swiss parliament approved a draft law to this effect on Thursday. The liberal daily Corriere del Ticino sees the stricter banking regulations as a sensible move but warns that they shouldn't be implemented too soon: "This is the right approach. But they shouldn't make the mistake of applying the rule too implacably. ... It would be wrong to harbour a desire for revenge against the banks. They generate part of Switzerland's wealth and are now partially run by new managers. While UBS and Credit Suisse must realise that this is the inevitable new line of approach, those who are in charge of implementing the new rules must allow the two major banks to have their say on deadlines and procedures."

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