Federal Council adopts dispatch on introduction of a public liquidity backstop for systemically important banks
Bern, 6.9.2023 - During its meeting on 6 September 2023, the Federal Council adopted the dispatch on the introduction of a public liquidity backstop (PLB) for systemically important banks. The Federal Council had already decided on the key parameters for a PLB to strengthen the stability of the financial sector in March 2022. In March 2023, the PLB was put into force by ordinance as part of the takeover of Credit Suisse by UBS. The PLB and certain provisions of the ordinance that are still required are now to be transferred into ordinary law.