Systemically important banks: Federal Council adopts amendments to Liquidity Ordinance
Bern, 3.6.2022 - During its meeting on 3 June 2022, the Federal Council adopted amendments to the Liquidity Ordinance. The revision is intended to ensure that systemically important banks hold sufficient liquidity to absorb liquidity shocks and cover their needs in the event of restructuring or liquidation. A high level of liquidity is also a key condition for the introduction of a public liquidity backstop envisaged by the Federal Council. The amended Liquidity Ordinance will enter into force on 1 July 2022.