SNB Says Banks Need Better Liquidity, Loss Absorption Plans

Martin Schlegel: Banks need capital that’s more loss-absorbing
Swiss government preparing to overhaul regulation framework

Martin Schlegel on March 21.
Photographer: Pascal Mora/Bloomberg

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By Jeff Black

March 21, 2024 at 9:26 AM UTC

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The Credit Suisse crisis showed that Swiss banks need to plan better for emergency situations in terms of liquidity, intervention rules and loss-absorbing capital, according to the Swiss National Bank.

SNB Vice President Martin Schlegel said in Zurich on Thursday: