Economy

Swiss MP Anticipates SNB Ruling on Credit Suisse by Monday

Swiss MP Thomas Matter recently expressed to Reuters his expectation that the Swiss National Bank (SNB) will decide on Credit Suisse by Monday morning.

, and Uzay Erol

March 15, 2023 . 8:23 PM

1 min read

Thomas Matter, Member of the Swiss National Council

SNB's Role in Price and Financial Stability

Matter emphasized that the SNB is responsible for maintaining both price and financial stability, and the anticipated announcement would reflect these duties.

LATEST: Swiss MP Matter has suggested that the Swiss National Bank may make an announcement regarding Credit Suisse by Monday morning.
— Paryte (@Parytecom) March 15, 2023

Restoring Trust Through Liquidity and Collateral

The Swiss MP believes that the SNB would offer liquidity against collateral to halt a potential bank run, restoring public confidence in the safety of their money.