Therefore, let me stop at this point and pass the floor to the chairman of our first panel debate, Mr Jakob A. Frenkel (from Merrill Lynch International). Before I do that, though, I would like to welcome you once again and thank all of you for accepting our invitation to this event. BIS Review 17/2003  3
The Swiss Federal Banking Commission (SFBC) – as the authority with responsibility for this area – is currently in the process of spelling out in detail what measures will be needed in the area of capital adequacy requirements. Careful planning will be particularly important with respect to implementation of the new measures. First of all, the current crisis has to be seen through. The appropriate measures then need to be introduced progressively over a number of years. In this project, the SFBC can count on the full support of the SNB, in the interests of securing a long-term strengthening of the Swiss financial system. 2  BIS Review 80/2008