The Swiss Bankers Association (SBA) offered both praise and criticism for the too-big-to-fail package presented by the Federal Council on Wednesday and submitted for consultation. The SBA supports targeted improvements to liquidity provision and the resolution capabilities of systemically important banks and acknowledges the Federal Council’s efforts to ensure a proportionate approach, according to a statement. The SBA also issued a strong warning that Finma, «with its significantly expanded powers for early intervention, sanctions and intervention in ordinary business activities,» could become a «super-regulator».