Swiss mull laws to allow break-up of UBS and Credit Suisse in crisis

BERNE (April 23, 2010): UBS and Credit Suisse should change their structure to allow their break-up in the case of an insolvency to limit the risks for the Swiss economy, a government commission said on Thursday. In an interim report on the too-big-to-fail issue, the commission urged lawmakers to enable regulators to force the banks if necessary to adopt a structure that allowed to keep key businesses going in case of an insolvency.