
The European Central Bank (ECB) has instructed banks to prepare for new types of risk. The Swiss National Bank (SNB) Vice Chairman emphasized the need for adjustments to regulate systemically important banks, suggesting that banks' equity should be structured to absorb losses better. SNB also highlighted the importance of improving banks' liquidity provisions and expanding stabilization options for such banks. The SNB stressed that Swiss banks should enhance their planning for emergency situations regarding liquidity, intervention rules, and loss-absorbing capital.
SNB says banks need better liquidity, loss absorption plans https://t.co/mXU6qx3kkz https://t.co/57CATijpnJ
Swiss banks need to plan better for emergency situations in terms of liquidity, intervention rules and loss-absorbing capital, according to the SNB https://t.co/jthPtULTHx
SNB VICE CHAIRMAN: CREDIT SUISSE CRISIS HIGHLIGHTED NEED FOR ADJUSTMENTS TO REGULATION OF SYSTEMICALLY IMPORTANT BANKS || BANKS' EQUITY SHOULD BE STRUCTURED IN A WAY THAT LOSSES CAN BE BETTER ABSORBED
