SNB’s Schlegel: SNB expands provision of liquidity for Swiss banks
Swiss National Bank (SNB) Vice Chairman Martin Schlegel said in prepared remarks for a press conference on Thursday that “the SNB expands provision of liquidity for Swiss banks.”
Additional comments
Now possible for all banks to obtain liquidity against securities; previously only applied to big banks.
Banks should be required to permanently hold collateral to obtain SNB liquidity.
These measures will further strengthen the Swiss banking sector.
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