State Aid State Aid

Big Swiss banks offered government liquidity backstop in event of failure

By Fiona Maxwell
  • 11 Mar 2022 16:53
  • 11 Mar 2022 16:53
Swiss banks will be able to count on a state-guaranteed loan if they are on the brink of failure, Switzerland's government said today, but the tool would not constitute a taxpayer bailout.

The Swiss Federal Council said it had today defined the key parameters for a “public liquidity backstop” allowing bank

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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