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.