Zurich Cantonal Bank branded too big to failGuest Post
by Matthew Allen, swissinfo.ch November 11, 2013 - 12:12 Switzerland’s largest cantonal bank will now face the stiffest regulatory scrutiny after being officially named alongside UBS AG (NYSE:UBS) and Credit Suisse AG (NYSE:CS) as a “too big to fail” financial institution by the Swiss National Bank (SNB) on Monday.
As a consequence, Zurich Cantonal Bank (ZKB) may have to shed risk or boost its capital buffer further to shield both itself and Switzerland’s economy from potential failure. By the end of 2018, ZKB will now need to cover up to 19 . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible