Reported 8 months ago
The Swiss National Bank (SNB) emphasized the need for further strengthening of Switzerland's financial regulations following the collapse of Credit Suisse and its takeover by UBS. The SNB highlighted weaknesses in the regulatory framework, pressing for actions on capital and liquidity requirements. Recommendations included strengthening the contribution of Additional Tier 1 instruments, improving the calculation of Common Equity Tier 1 capital, and reviewing the liquidity coverage ratio. The central bank also supported a review of UBS's crisis preparedness plans and noted the positive market outlook for UBS's prospects.
Source: YAHOO