SFC response to European Commission Consultation on the impact of CRR/CRD4 on bank lending
The Swiss Finance Council (SFC) wishes to note the efforts of the EU in responding to the crisis and putting into place a programme of financial regulatory reform that has contributed significantly to making the sector more stable and resilient. We welcome the current review and the opportunity to contribute to the discussion of the capital framework. Before turning to the Commission’s questions in detail, we note three factors that have guided our responses and wish to highlight as overriding considerations.