Switzerland has opened a public consultation on a new package of banking reforms that would defer a substantial share of performance-linked pay for senior executives and high earners, strengthen clawback and malus tools, expand FINMA's intervention powers and tighten recovery and resolution planning. The measures are part of a broader review of the country's too-big-to-fail framework after the 2023 collapse of Credit Suisse and its rescue takeover by UBS, which left Switzerland with a single global bank. The consultation runs until November 19 and puts sharper focus on executive accountability and crisis management alongside previously announced capital measures. Under the proposals, unpaid bonuses would have to be reduced or canceled if misconduct or losses emerge during a multi-year deferral period, while banks could also seek to recover bonuses already paid where misconduct is proven. Banks with more than 250 employees would also need to assign clear responsibility for key decisions to senior management. FINMA would gain earlier intervention powers when risks emerge, authority to fine financial institutions and penalties for delays in complying with supervisory orders. The package also aims to streamline access to Swiss National Bank liquidity in a crisis through easier collateral pledging. UBS said it would review the proposals and backed a strong regulatory framework, while warning changes should remain targeted and aligned with international standards. The Swiss Bankers Association said the package goes too far. The reforms add to earlier Swiss plans, including rules that imply about $20B in extra capital for UBS, and set up a further political fight over how far Switzerland should tighten oversight without undermining competitiveness.