UBS and Credit Suisse still pose risks to financial stability, SNB vice-chair says
There is an "urgent need" in Switzerland to go beyond global minimum capital adequacy standards for banks, Swiss National Bank's (SNB) governing board vice-chairman Jean-Pierre Danthine said on Friday.
Despite progress in reducing exposure and strengthening the resilience of Credit Suisse and UBS, Switzerland's two biggest banks, these institutions remain 'too big to fail', Danthine said, noting that their size relative to GDP remains "very large by international standards" (4:1 today, compared
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