VAV position statement on the consultation regarding the amendment to the Capital Adequacy Ordinance (CAO)
On June 6, 2025, the Federal Council published the key parameters for amending the Banking Act. These aim to implement the measures set out in the Federal Council's report on banking stability and in the report of the Parliamentary Investigation Committee. The package includes measures at the legislative and ordinance level. The consultation process on the amendment to the Capital Adequacy Ordinance (CAO) was also opened on June 6, 2025.
The VAV has submitted its position as part of this consultation process. It considers the parameters set by the Federal Council to be excessive in terms of both content and scope. It calls for the scope of any new measures not to be extended to non-systemically important banks. In its statement on the amendments to the ERV, the VAV also refers to the corresponding submission by the SBA.