Negative impacts of too-big-to-fail regulation “unfounded”: SNB’s Jordan
Thomas Jordan, the vice-chairman of the Swiss National Bank, on Tuesday said concerns about the potential negative repercussions from regulation on firms that are too big to fail were unfounded.
At the International Center for Monetary and Banking Studies in Geneva, Switzerland, Jordan said: "There are no theoretical or empirical grounds to indicate that the Swiss economy will be adversely affected by the proposed regulation. Not least because consideration has been given to the costs involved
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