Banks must improve for new Sept 11-Swiss Nat Bank

SWITZERLAND - Financial institutions must take possibly costly steps to improve the global banking system's ability to handle another event like the September 11 attacks on the United States, a top central banker said on Monday.

Swiss National Bank board member Niklaus Blattner said financial institutions needed to ensure they can keep operating even amid a crisis. Concerned regulators could move to impose standards, he added.

As the financial system's "resilience is bound to be tested again ha

To continue reading...