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by esja 1185 days 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.
1 comments
config_yml 1185 days ago
The 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/...
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esja 1184 days ago
Yes, but the SNB and FINMA (and the Federal government) will try many other things before it comes to that.
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