BERN, April 10 Reuters Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year39;s Credit Suisse collapse.

The government39;s 209page report outlines 22 measures designed to strengthen current regulations for banks known as too big to fail TBTF, after gaps were found in the existing rules following UBS39;s rescue takeover of its banking rival.

The proposals aim to improve corporate governance and supervision, for example, by giving more powers to Swiss financial market regulator FINMA.

They also aim to make the banks more resilient by increasing capital requirements and ensuring liquidity in a crisis, as well as improving cooperation between authorities.

Following are some of the main recommendations

Capital requirements for systemically important banks should be tightened in a targeted way and supplemented with a forwardlooking component.

Preference should be given to measures aimed at strengthening capital requirements of systemically important banks, the report said, without giving figures.

Strengthen capital requirements for foreign participations and thus for parent banks within a financial group.

Examine the requirements for remuneration systems, especially on the design of variable remuneration and clawbacks.

Better define corporate governance requirements at banks by strengthening the requirements on the board of directors and their responsibility…