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

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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