Federal Council wants to introduce new tool to strengthen financial sector stability
Bern, 11.3.2022 - The Federal Council is planning to expand its toolkit to strengthen the stability of the financial sector. At its meeting on 11 March 2022, it defined key parameters for a "public liquidity backstop", which would allow the Confederation and the Swiss National Bank (SNB) to bolster the liquidity of a systemically important bank that is in the process of resolution. The Federal Department of Finance (FDF) is to prepare a consultation draft by mid-2023.