This has caused the franc to appreciate rapidly, which the Swiss central bank worried would harm the competitiveness of Swiss exports and push Switzerland into a recession.
It wants tougher European supervision of big banks (perhaps by the European Central Bank), commitments to boost competitiveness, and perhaps harmonised taxes.
But Tory former minister John Redwood, leader of his party's policy group on economic competitiveness, branded the bank levy a tax on lending money to businesses and individuals.
Elevated inflation also affects export competitiveness and limits the extent to which the central bank can cut interest rates to help stimulate the economy, Moody's said.
They also periodically review and update business regulations as part of a broader competitiveness agenda and take advantage of new technologies through e-government initiatives, the World Bank says.