SNB’s Schlegel: Central bank will expand ways for making liquidity available to banks

Dhwani Mehta FXStreet

Swiss National Bank (SNB) Vice Chairman Martin Schlegel said on Thursday, the SNB will expand ways for making liquidity available to banks.

Further comments

SNB expects banks involved in mortgage lending to take part in the initiative.

SNB to provide liquidity against mortgages as collateral to all banks in Switzerland, not just systemically important banks.

This will benefit not only the participating banks but also Switzerland as a whole.

A bank must transfer mortgages to snb to obtain liquidity using mortgages as collateral.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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