Schlegel: Liechtenstein is on its own for financial stability
SNB governor says principality’s lenders are not entitled to bank’s emergency liquidity facilities
Liechtenstein cannot expect Switzerland’s central bank to stabilise its lenders, Martin Schlegel has said.
In an interview with newspaper Wirtschaft regional on October 31, the governor of the Swiss National Bank said the two countries’ currency union did not permit Liechtenstein banks to access the central bank’s emergency liquidity facilities.
“Banks from Liechtenstein … have access to the Swiss interbank payment system and certain liquidity facilities of the SNB,” Schlegel said. “[But]
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