Incoming Swiss bank lobby chief warns against over-regulation, FT says
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Giorgio Pradelli is the new head of the Swiss banking association.
He warns that there are too many rules for banks in Switzerland.
According to him, too many rules can harm the financial center.
Switzerland is a very important place for global finance.
Pradelli spoke about this in an interview with the Financial Times.
He says that competition with other countries is very strong.
The government wants to control the banks better after the Credit Suisse crisis.
However, the banks want to keep their freedom to work.
This debate is very important for the future of the Swiss economy.
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