/biz/ - Business & Finance

>>58474266
>>58474264
IMF's Stance:
https://www.imf.org/en/News/Articles/2024/03/27/mcs032824-switzerland-staff-concluding-statement-of-the-2024-article-iv-mission

>In the event of a future crisis, the previous merger options may no longer be feasible.

>Several measures introduced over the past year will contribute to strengthening the financial sector framework. These include:
>>>extension of eligibility for emergency liquidity assistance (ELA) against collateral to all banks
>>>and a proposal on the public liquidity backstop to parliament.
The Swiss people will pay for our tendies.

>Key recommendations included implementing a risk-focused and forward-looking supervisory approach, reducing reliance on external auditors, strengthening recovery and resolution planning and implementability
>>>(including powers to require changes to bank structures to resolve banks)
>>>and reforming the deposit insurance scheme.

>Looking ahead, the authorities should also address issues related to capital and liquidity requirements and introduce an effective PLB (currently submitted to Parliament for deliberation). Following the extension of ELA eligibility,
>more work needs to be done to ensure banks’ collateral preparedness.

Preparedness for what? MOASS, of course.

>>58468537
memories of setting 2 shares to limit sell on computershare for $214,000 each