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FINMA & SNB Issue Statement on Market Uncertainty, Will Provide CS With Liquidity

SWITZERLAND
  • Taken from the FINMA statement:
  • "The Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank SNB assert that the problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets. The strict capital and liquidity requirements applicable to Swiss financial institutions ensure their stability. Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the SNB will provide CS with liquidity."
  • Full FINMA statement here: https://www.finma.ch/en/news/2023/03/20230315-mm-s...

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