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Former CEO of Switzerland's financial regulator, Finma, suggests giving Finma power to regulate bank bonuses to prevent future crises. Swiss National Bank (SNB) officials emphasize the need for banks to prepare for more collateral and adjust regulations for systemic banks like Credit Suisse. SNB also calls for better structuring of banks' equity to absorb losses and improve liquidity provisions for stability.
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
SNB VICE CHAIRMAN: BANKS' LIQUIDITY PROVISIONS SHOULD BE IMPROVED || STABILISATION OPTIONS FOR SYSTEMICALLY IMPORTANT BANKS SHOULD BE EXPANDED
Waaait what?! What did the Swiss Central Bank just say?! 😳 ⚠️ SNB'S SCHLEGEL: BANKS NEED TO PREPARE SIGNIFICANTLY FOR MORE COLLATERAL 🚨 Emmhhh smells like problems… 👇🏻 https://t.co/gt8wMBnERI