[HIGHLIGHTS] Switzerland called for tightening banking regulation after the collapse of Credit Suisse

The head of the Central Bank of Switzerland has called for tighter regulation of the country's banks. The move comes after the Swiss government approved a $118 billion bailout plan for U.S.

bank UBS. UBS is one of the largest banks in the world, with a market value of more than $1.2 trillion. It is the largest bank in the United States, followed by Swiss bank Swiss National Bank (SNB). The SNB is the second-largest bank in Switzerland, after Swiss bank RBS.