Why banks are challenging the crown crisis


The Swiss National Bank (SNB) gives banks good marks during the crisis. President Thomas Jordan said he was satisfied with the current Lugano Banking Day regulation. He spoke out against the new unnecessary administrative obstacles.

“So far, banks in Switzerland have been able to resist the effects of the pandemic,” Jordan said in a speech at Lugano Banking Day, which was broadcast online on Monday. However, the turmoil has shown how important it is for banks and insurance companies to have sufficient capital and liquidity buffers.

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