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Switzerland Hastens Bank Liquidity Project after Credit Suisse Fiasco

The Swiss Federal Council on Thursday started consultation on its planned public liquidity backstop (PLB) for systemically important banks (SIBs), shortening the industry engagement period to June 21, 2023. The executive authority said it decided to wrap this up much quicker due to the urgency of the matter. The Council first introduced the PLB in March last year as part of plans to strengthen the liquidity of SIBs in the country during resolution or winding down process. At the time, the Swiss... Read More

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Content Topics

Switzerland

Hastens

Bank

Liquidity

Project

After

Credit

Suisse

Fiasco

Forex

Posted: May 25 2023, 17:24

Author Name: financemagnates

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