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Sunday, October 17, 2021

Swiss banks offer liquidity rules for spending little or nothing extra

ZURICH – Switzerland has proposed updated rules to ensure adequate liquidity for major banks to absorb the push, but the draft changes will cost banks little or nothing in holding additional capital and liquidity, official documents showed on Thursday.

The proposed amendments, which were sent to the consultation on Thursday, are aimed at ensuring that systemically important banks (SIBs) – including Credit Suisse and UBS – remain stable under various pressure situations, some of which in some cases do not adequately cover current regulations, the government said.

“Although the revised liquidity requirements for SIBs will introduce legally stricter liquidity requirements than the TBTF (too large to fail) rule, the authorities estimate that the already high level of liquidity will have little effect on this regulatory proposal,” the finance ministry said in a report on Thursday. Reported.

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Current estimates show that the proposal “will not significantly increase or decrease overall liquidity” managed by systemically important banks.

The proposed changes were not expected to have any impact on the bank’s capital expenditure, the ministry said.

By Brenna Hughes Negaiui

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This News Originally From – The Epoch Times

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