ECB questions Credit Suisse bond bail-in

Swiss government, SNB and Finma organise rescue of troubled lender that pays out to equity-holders

The Swiss National Bank
The Swiss National Bank
Louis Rafael Rosenthal

Switzerland’s central bank, financial markets regulator and government faced implicit criticism from eurozone authorities over their rescue of troubled lender Credit Suisse this weekend.

The Swiss National Bank and Finma announced on March 19 that they had approved UBS’s takeover of Credit Suisse. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the SNB said.

The SNB also said it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.