In response to the collapse of Credit Suisse, the Swiss government has proposed a series of banking reforms aimed at strengthening the financial sector. These reforms include a substantial increase in capital requirements for UBS, Switzerland's only remaining global bank, to improve its capital base and resolvability, in the wake of the Credit Suisse rescue. The government's proposals also entail ad hoc capital surcharges reflecting wider risks, targeted measures for systemically important banks, specifically UBS, and a review of liquidity requirements. Despite these efforts, the government stopped short of granting the country's banking watchdog the power to fine lenders, a measure that had widespread support. Following the announcement of these reforms, UBS shares fell by 4.1%. The Swiss Finance Minister emphasized the need for banks to hold more capital, especially more complex ones, and for mismanagement to be held accountable. The Swiss Federal Council released a proposal on banking reform, including 22 measures to strengthen the 'Too Big To Fail' regime, aiming to reduce the risk to the economy, state, and taxpayers.