Swiss regulators plan to toughen liquidity rules for banks

04/22/2010 | Reuters

In a joint statement, the Swiss Financial Market Supervisory Authority and the Swiss National Bank said rules governing liquidity at banks will be tightened. The rules require banks to have sufficient liquid assets to last 30 days in a crisis. The country's two largest banks, Credit Suisse and UBS, said they are ready to meet the criteria, which will come into force June 30.

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