Swiss National Bank calls for review of bank capital regulations, recognizes UBS's increased systemic importance, and plans to accept some credit as collateral for emergency cash access.
The Swiss National Bank (SNB) has called for a review of bank capital regulations, recognizing that UBS's systemic importance has increased with the acquisition of Credit Suisse. The SNB also plans to accept some forms of credit as collateral for banks seeking emergency cash access. This change could help ensure banks do not run out of cash during a crisis and potentially enable UBS to expand its emergency funding capacity.
March 18, 2024
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