Swiss central bank under pressure for regulation reform after Credit Suisse collapse.

1 min read
Source: CNBC
Swiss central bank under pressure for regulation reform after Credit Suisse collapse.
Photo: CNBC
TL;DR Summary

The Swiss National Bank (SNB) has promised to review banking regulations following the collapse of Credit Suisse. The central bank played a key role in brokering the rescue of Credit Suisse over the course of a chaotic weekend in March, as a flight of deposits and plummeting share price took the 167-year-old institution to the brink of collapse. The SNB faced questions and grievances from shareholders about the Credit Suisse situation on Friday, but the country's network of climate activists also sought to use the central bank's unwanted spotlight to challenge its investment policies.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

6 min

vs 7 min read

Condensed

92%

1,23094 words

Want the full story? Read the original article

Read on CNBC