C Suisse and UBS urged to improve leverage ratios

UBS sign

The Swiss National Bank (SNB) on Thursday urged the country's biggest banks, UBS and Credit Suisse, to improve their leverage ratios in order to better withstand a potential crisis.

Reuters reports that Switzerland is expected to hold off on outlining tougher capital requirements, known as leverage ratio targets, for its biggest banks until new international standards are outlined later this year.

'The SNB recommends that the big banks do not lose momentum in their efforts to improve their resilience', the central bank wrote in its annual financial stability report.

'This is particularly warranted with regard to the leverage ratio'.

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SNB urges UBS, Credit Suisse to improve leverage ratios

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