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FINMA and the SNB issue statement on market 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 ... (full story)
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SNB WILL PROVIDE LIQUIDITY TO GLOBALLY ACTIVE BANK IF NECESSARY.
— Breaking Market News (@financialjuice) March 15, 2023
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FINMA & SNB Assert That The Problems Of Certain Banks In USA Do Not Pose A Direct Risk Of Contagion For Swiss Financial Markets
— LiveSquawk (@LiveSquawk) March 15, 2023
- Credit Suisse Meets The Capital And Liquidity Requirements Imposed On Systemically Important Bankshttps://t.co/2UWGANG7CE