SNB says will provide Credit Suisse with liquidity if necessary

The Swiss National Bank SNB and the Swiss Financial Market Supervisory Authority FINMA issued a statement, in which they said in part that they "assert that the problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets. The strict capital and liquidity requirements applicable to Swiss financial institutions ensure their stability. Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the SNB will provide CS with liquidity. The SNB and FINMA are pointing out in this joint statement that there are no indications of a direct risk of contagion for Swiss institutions due to the current turmoil in the US banking market." Reference Link