Switzerland’s Finance Minister Karin Keller-Sutter in Zurich, on Oct. 31.
Photographer: Pascal Mora/BloombergSwiss Finance Chief Says It’s Impossible to Fully Rule Out Banking Crises
One of the most powerful ministers in Switzerland’s government makes the case that stricter regulation will help the country remain a world leader in finance.
When Karin Keller-Sutter took over as Switzerland’s finance minister last year, she was only the second woman to hold that office in nearly 175 years. Within months, she was thrust into the international banking spotlight as she oversaw UBS Group AG’s historic acquisition of its rival Credit Suisse.
Already one of the most powerful ministers in Switzerland’s seven-member government, her role has taken on more importance with the Swiss parliament just weeks away from releasing the results of a major inquiry into the near collapse and rescue of Credit Suisse. The report is expected to feed into government-backed reform proposals and will help determine the amount of capital that UBS will have to maintain in the coming years.