Swiss National Bank responds to gov't proposals to regulate UBS, other banks

The Swiss National Bank on Thursday said it noted the government's proposals to better supervise UBS and other big banks in the wake of last year's Credit Suisse crisis.

"The SNB takes note of the TBTF report and welcomes the regular review of TBTF regulation," the central bank said about the Swiss government's review of Too Big to Fail (TBTF) rules for the financial sector.