Swiss financial watchdog wants to examine clawing back bankers’ bonuses

ZURICH - Switzerland's financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall of Credit Suisse and sale to UBS. "The question is on the table and must be discussed now," Finma Chairwoman Marlene Amstad told newspaper Schweiz am Wochenende, when asked about the right to demand bonuses be repaid. "The Credit Suisse case shows that for decades the bank has incurred losses and at the same time paid out high bonuses," she said in the interview on Saturday. "We therefore need a better legal basis so that Finma can intervene earlier and more systematically." READ: Credit Suisse lost $68B in assets last qua...Keep on reading: Swiss financial watchdog wants to examine clawing back bankers’ bonuses

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