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Regulatory handcuffs will ‘kill 30% of Swiss banks’

This content was published on Jun 28, 2016 Every year, regulations drain the Swiss economy of 10% of its gross domestic product (GDP) – or CHF60 billion ($61.5 billion) – Ermotti said. Since the 2008 financial crisis, the financial industry has borne the brunt of new regulations, both in Switzerland and in other countries. “Switzerland can no longer afford this if it wants…