2023-05-26 07:40:17
Some 100 million francs in revenue fell into the state coffers thanks to the takeover of Credit Suisse, Karin Keller-Sutter said in an interview with the Tamedia group. The Federal Councilor explains that the interest-bearing loan granted by the Confederation to the bank “should be repaid soon”.
The gain collected by the Confederation thanks to the bonuses of Credit Suisse amounted to 80 million francs at the end of April and to 100 million today.
“In addition, of course, are the revenues of the Swiss National Bank (SNB), said Finance Minister Karin Keller-Sutter.
>> Read also: The rescue of Credit Suisse could bring big benefits to the Confederation
Aid will soon be reimbursed
The cash aid still due, guaranteed by guarantees from the Confederation, would currently amount to five billion francs. They should soon be fully reimbursed, according to Karin Keller-Sutter.
As for the legal adaptations necessary to avoid a rescue of Credit Suisse bis, it is still too early to say, assures the Federal Councilor. “Monitoring of the financial markets must certainly be reinforced, however, explains the St-Galloise. Today, it is almost impossible to hold anyone to account in the event of a serious failure”.
>> Also listen to the 12:30 p.m. topic on what the guarantees granted by the Confederation for the takeover of Credit Suisse will bring in:
For a parliamentary commission of inquiry
A profitable strategy for the Confederation, whose role has been welcomed by the European Commission. And the Federal Council also announced on Thursday that it wanted to perpetuate the liquidity guarantee mechanism which enabled it to save Credit Suisse. For the federal executive, systemically important banks must be able to count on funds from the Swiss National Bank in the event of a problem.
>> Read also: The Federal Council wants to introduce the public bailout of banks into law
Earlier this week in La Matinale de la RTS, Karin Keller-Sutter also, for the first time, spoke out in favor of the opening of a parliamentary commission of inquiry into the Credit Suisse affair. According to her, the Federal Council played “the firefighters” and not the arsonists and explains that the faults which led to the fall of the bank emanate from its Board of Directors.
>> See the Forum topic which returns to the statements of Karin Keller-Sutter who returns to the responsibility for the debacle of Credit Suisse:
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