Thu 03/16/2023 13:56 PM
Relevant Document:Dec. 31 Overview of Debt Instruments
The Swiss National Bank and Switzerland’s financial regulator Finma do not wish to comment on how the SNB's 50 billion Swiss franc ( $53.791 billion) liquidity lifeline, which includes a CHF 39 billion covered facility, extended to Credit Suisse impacts the “Viability Event” provision in the investment bank’s subordinated debt.
In an emailed response to Reorg, the SNB declined to comment on a potential Viability Event, adding that “the...
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