(AOF) – The Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) warn in a joint statement that there is no risk of direct contagion between the problems faced by certain institutions banks in the United States and the Swiss financial market. Credit Suisse, which plunged 24% on the stock market yesterday, “satisfies the capital and liquidity requirements imposed on systemically important banks”.
“If needed, the SNB will make liquidity available to Credit Suisse,” the statement said.
Market reactions have particularly weighed on the stock market value and on the price of Credit Suisse debt securities in recent days.
FINMA and the SNB follow developments very closely and are also in close contact with the Federal Department of Finance in this context in order to ensure financial stability.