On Thursday, the government said it was shortening a consultation period to meet a deadline for approving a CHF200 billion ($221 billion) credit line from the Swiss central bank.
Parliament is required to approve emergency laws issued by the government within six months to prevent them from expiring.
The billions in loans from the Swiss National Bank (SNB) were hastily arranged in March to stop Credit Suisse collapsing under the weight of a bank run.
The concept of so-called “Public Liquidity Backstop” (PLB) loans from the SNB was first introduced by the government in 2022. The loans are designed to prop up ‘too big to fail’ banks in a crisis.
The near collapse of Credit Suisse in March forced the government to whistle up the loans as an emergency measure before the PLB could be voted into force by parliament.
Should parliament agree to the measure, the Credit Suisse loans will stand and future PLB provisions would no longer require emergency government intervention.
Parliament will also debate a range of other measures put forward by the government to better ensure the stability of the financial system.
Popular Stories
More
Aging society
No house generation: the impossibility of buying property in Switzerland
This content was published on
An unstable glacier above the Swiss village of Blatten has stopped breaking up, but there is still no question of lifting a landslide alert.
Swiss education chief wants fewer mobile phones in schools
This content was published on
The new head of the Swiss cantonal education authority would like to ban mobile phones in schools, apart from use in lessons.
This content was published on
A panel tasked with overseeing the credit default swaps market says the write-down of Credit Suisse AT1 bonds will not trigger an insurance payout.
Credit Suisse AT1 bondholders who lost $1.7 billion in UBS deal file lawsuits
This content was published on
Hundreds more bondholders have sued Switzerland’s banking regulator after their securities were wiped out during April’s emergency UBS.
Credit Suisse to borrow up to CHF50 billion from Swiss National Bank
This content was published on
Switzerland’s second largest bank said it plans to borrow up to CHF50 billion from the Swiss central bank after a day of market turmoil.
UBS set for $35 billion short-term gain from Credit Suisse deal
This content was published on
UBS is set for a one-off accounting gain as a result of the merger, but financial hits – including due to legal cases – are looming.
This content was published on
The Swiss Office of the Attorney General (OAG) has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.