The Swiss Nationwide Financial institution (SNB) and the Swiss Monetary Market Supervisory Authority (FINMA) have launched a joint assertion March 15 on the soundness of the Swiss banking system and Credit score Suisse (CS). The issues of “sure banks within the USA” don’t pose a threat for the Swiss monetary system, they wrote.
The regulators mentioned Credit score Suisse meets all capital and liquidity necessities, however “if needed, the SNB will present CS with liquidity.”
The assertion comes as CS shares fell as much as 30%. In accordance with a Reuters report, European Central Financial institution officers have contacted banks they supervise to ask about their CS publicity, and the French finance minister would name his Swiss colleague to debate the developments at CS.
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