Swiss National Bank President Thomas Jordan said the strength of the franc still justifies the currency ceiling.
The Swiss National Bank pledged to keep defending its ceiling on the franc, saying it was “closely monitoring” the effect of the European Central Bank’s stimulus campaign for the euro region and would take further action if necessary.
UBS AG and Credit Suisse Group AG should further boost the capital they hold as a share of total assets to gird for risks including litigation, the Swiss central bank said today.
The European Central Bank’s monetary stimulus has prompted economists to extend forecasts for how long the Swiss National Bank will keep its franc ceiling in place.
Discrepancies in the Swiss real estate and mortgage market could increase, the country’s central bank said, calling for additional regulatory measures.
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