- SNB’s Schlegel: SNB expands provision of liquidity for Swiss banks
Market news
26 September 2024
SNB’s Schlegel: SNB expands provision of liquidity for Swiss banks
Swiss National Bank (SNB) Vice Chairman Martin Schlegel said in prepared remarks for a press conference on Thursday that “the SNB expands provision of liquidity for Swiss banks.”
Additional comments
Now possible for all banks to obtain liquidity against securities; previously only applied to big banks.
Banks should be required to permanently hold collateral to obtain SNB liquidity.
These measures will further strengthen the Swiss banking sector.
Primary tool of the SNB will be interest rates, but forex interventions could be used if necessary.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page