Switzerland has a privately operated deposit insurance system called Deposit Protection of Swiss Banks and Securities Dealers [30]. It guarantees up to CHF 100 000 per bank customer per bank. Membership is compulsory for all banks and securities dealers that are regulated by the Swiss Financial Market Supervisory Authority (FINMA) [31] . See the list of members of the Deposit Protection of Swiss Banks and Securities dealers at http://www.einlagensicherung.ch/en/bankkunden-link/bankkunden-unterzeichner.htm
It had covered depositors in 1993 in the case of the failure of Spar- und Leihkasse Thun SLT, Thun. The next cases happened in 2007 with the liquidation of AB FIN SA (a securities dealer) in Lugano and with Kauphting (Luxembourg) SA, Geneva branch which was closed on October 9, 2008. Clients of this bank received the payments (at the time up to CHF 30'000 per customer) within 3 weeks.