Bloomberg News

Jordan Says SNB Has ‘No Doubt’ Banks Can Raise Capital Buffers

December 15, 2011

Dec. 15 (Bloomberg) -- Swiss central Bank Vice President Thomas Jordan said that he has “no doubt” that the country’s large banks will be able to raise capital buffers in what he called a “cautionary measure.”

“Large banks have already taken massive efforts,” Jordan said at a press conference in Bern today. “The situation in financial markets has significantly worsened and that’s why it’s necessary to quickly improve the capital situation.”

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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