Swiss bankers conceived “put on hook”

The Swiss Parliament will discuss the tightening of responsibility for bankers and the introduction of fines for unsuccessful decisions, writes Reuters with reference to the deputy of the Green Party of Switzerland Gerhard Andrei.

Now the top management of banks is mainly invincible, the agency notes. No sanctions for banking managers, in fact, not provided, explained Andrei. “We offered a reform that will allow you to plant a hook manager if something goes wrong,” the parliamentarian explained.

Reform suggests to spend on a British model: According to this model, the top management of financial institutions is directly responsible for its actions.