Switzerland’s financial supervisory authority, or Finma, is carrying out a risk assessment of banks to prevent the financial crisis in Europe from spreading to the the country’s banking industry, Tages-Anzeiger reported.
Finma is examining “scenarios and consequences,” though the direct exposure for most financial institutions is “not worryingly high,” the newspaper said, citing Finma spokesman Tobias Lux. Finma requires counter-measures from individual banks where necessary, including a ban on capital transfers to countries affected by the crisis, the newspaper said, citing Lux.
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