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LearningCredit Suisse announced decisive action to pre-emptively strengthen liquidity which included public tender offers for debt securities and it intends to borrow up to CHF 50bln from the SNB under the covered loan facility and short-term liquidity facility.
Swiss Cabinet is to hold an extraordinary meeting to discuss Credit Suisse (CSGN SW), via Reuters citing media reportsFINMA and the SNB asserted that the problems of certain banks in the USA do not pose a direct risk of contagion for Swiss financial markets, while they added that Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks and if necessary, the SNB will provide Credit Suisse with liquidity. SNB confirms it will provide liquidity to Credit Suisse against sufficient collateral; says that within its mandate, it can provide liquidity to domestic banks against collateral.

Darren Krett

Thursday 16 March 2023

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FINMA and the SNB asserted that the problems of certain banks in the USA do not pose a direct risk of contagion for Swiss financial markets, while they added that Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks and if necessary, the SNB will provide Credit Suisse with liquidity. SNB confirms it will provide liquidity to Credit Suisse against sufficient collateral; says that within its mandate, it can provide liquidity to domestic banks against collateral. facebookFINMA and the SNB asserted that the problems of certain banks in the USA do not pose a direct risk of contagion for Swiss financial markets, while they added that Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks and if necessary, the SNB will provide Credit Suisse with liquidity. SNB confirms it will provide liquidity to Credit Suisse against sufficient collateral; says that within its mandate, it can provide liquidity to domestic banks against collateral. twitterFINMA and the SNB asserted that the problems of certain banks in the USA do not pose a direct risk of contagion for Swiss financial markets, while they added that Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks and if necessary, the SNB will provide Credit Suisse with liquidity. SNB confirms it will provide liquidity to Credit Suisse against sufficient collateral; says that within its mandate, it can provide liquidity to domestic banks against collateral. linkedin

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Credit Suisse announced decisive action to pre-emptively strengthen liquidity which included public tender offers for debt securities and it intends to borrow up to CHF 50bln from the SNB under the covered loan facility and short-term liquidity facility.

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