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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
People sit in front of the Swiss House of Parliament in Bern.
In a single week, Switzerland has been forced to confront where it stands in a 21st century dominated by geopolitical tensions, climate change and inequality. Its responses risk shaking up the longstanding stereotype of a country defined by wealthy financiers and political neutrality.
On Wednesday authorities unveiled new banking measures to beef up a regulatory system critics say has been far too light touch, particularly after Credit Suisse had to be rescued by UBS Group AG in a government-orchestrated takeover. Then came the news the country is likely to hold a national vote on its cherished neutrality. To cap it all, Switzerland was found guilty in an international court of failing to protect its citizens from climate change.
