Swiss Propose Liquidity Rules Costing Banks Little or Nothing Extra

ZURICH—Switzerland proposed updated rules to ensure major banks hold enough liquidity to absorb shocks, but the draft changes will cost banks little or nothing in additional capital and liquidity holdings, government documents showed on Thursday. The proposed revisions, which were sent into consultation on Thursday, aim to ensure that systemically important banks (SIBs)—which include Credit Suisse and UBS—remain resilient under various stress scenarios, including in some cases not adequately covered by current rules, the government said. “Although the revised liquidity requirements for SIBs will introduce legally stricter liquidity requirements compared to the TBTF (too big to fail) regulation in force today, the authorities assume that this regulatory proposal will have little impact due to the already high level of liquidity,” the finance ministry said in a report on Thursday. Current estimates showed the proposal would “neither significantly increase nor reduce the overall liquidity” held by systemically important banks. The proposed …

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France to End Mandatory Mask Wearing for Students in Some Schools

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The French government announced Thursday that primary school students in areas with a low CCP virus infection rate will no longer have to wear face masks starting next month. According to a government decree issued on Sept. 30, the new rule will go into effect from Oct. 4 and will […]
France to End Mandatory Mask Wearing for Students in Some Schools

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