Swiss Central Bank Eases Access to Liquidity Help for Banks

The Swiss National Bank is reforming how it provides liquidity to banks under stress, responding to criticism of its existing framework that followed the Credit Suisse crisis.

Switzerland’s central bank will enable lenders to draw a pre-set amount of money from the new Extended Liquidity Facility without having to confirm that they have already exhausted market funding or that they are solvent, Vice President Antoine Martin said in a speech on Tuesday.