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CS operates in 50+ countries. All the largest entities have resolution/winddown plans agreed with their regulators. In reality they probably won’t be used becau
by esja 4y ago
CS operates in 50+ countries. All the largest entities have resolution/winddown plans agreed with their regulators. In reality they probably won’t be used because the SNB and Fed will fear contagion.
- config_yml 4y agoThe resolution process is outlined by FINMA, this was all defined after 2008 and the bailout of UBS: https://www.finma.ch/en/enforcement/recovery-and-resolution/too-big-to-fail-and-financial-stability/banks’-recovery-and-resolution-planning/ https://www.finma.ch/en/enforcement/recovery-and-resolution/...
- esja 4y agoYes, but the SNB and FINMA (and the Federal government) will try many other things before it comes to that.