BERLIN (Reuters) – The Swiss government approved a temporary extension regarding special rules on withholding tax for too-big-to-fail (TBTF) instruments until the end of 2031, it said on Wednesday.
“This ensures that banks can continue to obtain capital from within Switzerland on competitive terms, thereby contributing to financial stability,” the Federal Council said in a statement.
Temporary exemptions for interest on TBTF instruments, such as bail-in or write-off bonds, have already been extended twice, most recently until Dec. 31, 2026.
(Writing by Miranda Murray, Editing by Rachel More)
