Swiss watchdog seeks more tools to go after errant bankers

Exasperation with Credit Suisse in particular is prompting Switzerland to rethink a system in which top bankers have been largely untouchable

ZURICH: The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation.

Marlene Amstad, head of the Swiss Financial Market Supervisory Authority’s (Finma) board of directors, told the SonntagsZeitung paper the agency would welcome new tools to hold bankers accountable for the mistakes they make.