SNB and FINMA: If necessary, the SNB will provide Credit Suisse with liquidity – by MSalordFX SNB RiskAversion CentralBanks
Credit Suisse shares tumbled on Wednesday amid increasing difficulties following the collapse of two US banks. The Swiss National Bank and the Swiss Financial Market Supervisory Authority released a statement indicating that the “problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets.”
“The SNB and FINMA 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.” “Credit Suisse’s stock exchange value and the value of its debt securities have been particularly affected by market reactions in recent days. FINMA is in very close contact with the bank and has access to all information relevant to supervisory law. Against this background, FINMA confirms that Credit Suisse meets the higher capital and liquidity requirements applicable to systemically important banks.
The USD/CHF is trading slightly below 0.9300, after rising more than 150 pips. The Swiss Franc is among the worst performers on Wednesday. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EUR/CHF to trade in a 0.9700-1.0000 range following SNB meeting – Credit SuisseIn light of the recent events in financial markets, economists at Credit Suisse think the SNB will only hike 25 bps at the upcoming meeting. They expe
Baca lebih lajut »
Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday.
Baca lebih lajut »
Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'Credit Suisse said its net asset outflows had 'not yet reversed,' and that 'material weaknesses' were identified in its financial reporting processes.
Baca lebih lajut »
Credit Suisse publishes delayed annual report in which it admits to financial control weaknessesCredit Suisse on Tuesday published its delayed annual report -- which describes material weaknesses in its financial controls -- as it also announced it...
Baca lebih lajut »
Credit Suisse executive board will not receive a bonus for 2022Credit Suisse group's executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15 years, the Swiss bank said in its annual report published on Tuesday.
Baca lebih lajut »
Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows.
Baca lebih lajut »