Understanding and Measuring Uncertainty

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. FINMA and the SNB are pointing out in this joint statement that there are no indications of a direct risk of contagion for Swiss institutions due to the current turmoil in the US banking market. Regulation in Switzerland requires all banks to maintain capital and liquidity buffers that meet or exceed the minimum requirements of the Basel standards. Furthermore, systemically important banks have to meet higher capital and liquidity requirements. This allows negative effects of major crises and shocks to be absorbed. tweet at 3:21pm: SNB WILL PROVIDE LIQUIDITY TO GLOBALLY ACTIVE BANK IF NECESSARY. tweet at 3:23pm: FINMA & SNB Assert That The Problems Of Certain Banks In USA Do Not Pose A Direct Risk Of Contagion For Swiss Financial Markets - Credit Suisse Meets The Capital And Liquidity Requirements Imposed On Systemically Important Banks https://t.co/2UWGANG7CE