03

The recovery and emergency plans of the "too-big-to-fail" provisions cannot be implemented by FINMA without major disruptions. There are three main reasons for this: First, the plans involve the jurisdictions of different countries, and the "single point of entry" procedure is not sufficiently accepted politically. Second, the recovery and emergency plans cannot safely contain the contagion dynamics of a failing bank. Third, they are difficult to implement in practice.

Vor drei Jahren wurde in der Schweiz der Corona-Notstand ausgerufen. Aus diesem Anlass ziehen Forschende der KOF Bilanz und analysieren, welche Schlüsse sich aus den Pandemie-Jahren ziehen lassen.