GenevaLunch » Swiss banks say better prepared for technical crises

Saturday 26 May 2012

Subscribe:

Take the Train

GVA Airport

Explore GL Blogs ::

Features and Interviews ::

Obituary: Mademoiselle XY
by Ellen Wallace
Swiss abroad grow to 10% of the total population
by Ellen Wallace
Secure web pages: industry alarmed by EPFL report
by Ellen Wallace
Montreux strips down to the rich basics
by Ellen Wallace
A small step for working parents: Swiss gov’t support over childcare tax issue
by Ellen Wallace

Swiss banks say better prepared for technical crises

Zurich, Switzerland (GenevaLunch) – A report detailing how Switzerland’s financial institutions will ensure smooth business operations in case of major disruptions to the system has been released by the Swiss National Bank (SNB). A working group has been focusing on ensuring continuity in interbank payment systems and on the provision of liquidity by the SNB, the report says. Banking authorities (the SNB and Finma, the Swiss Financial Market Supervisory Authority) have been working with the banking industry (Citigroup, Credit Suisse, Postfinance, UBS) and financial infrastructure operators (Six Group) on the plan.

Posted by Sean Ecker on 14 September 2009 at 10:31 | permalink

This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Post Comment

News story, GenevaLunch, 14 September 2009.

Filed under: Business

Tags: banking industry, business continuity, Citigroup, Credit Suisse, disaster preparedness, disaster prevention, financial infrastructure, Finma, liquidity, payment systems, Postfinance, SIX Group, Swiss National Bank, UBS

We are happy to have your comments, which are approved before they appear: please remember to be courteous and brief. We accept only comments directly related to an article. We do not accept comment spam - messages sent to more than one site. We do not publish comments if the e-mail address is not legitimate. Thank you!

Comments