Swiss Nationwide Financial institution says it would assist credit score Suisse if crucial

The Swiss Nationwide Financial institution (SNB) and the Swiss Monetary Market Supervisory Authority launched a joint assertion on March 15 on the soundness of the Swiss banking system and Credit score Suisse. The issues of “sure banks within the USA” don’t pose a threat for the Swiss monetary system, they wrote.

The assertion was reportedly produced on the request of Credit score Suisse. The regulators mentioned Credit score Suisse meets all capital and liquidity necessities, however “if crucial, the SNB will present CS [Credit Suisse] with liquidity.” Nonetheless, Credit score Suisse nonetheless “meets the capital and liquidity necessities imposed on systemically necessary banks.” The assertion acknowledges that Credit score Suisse has been “affected by market reactions in latest days.”

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