Credit Suisse drains HQLA as business migration risk ebbs
Total HQLA fell Sfr13.5 billion to Sfr188 billion in Q3
Credit Suisse’s liquidity coverage ratio (LCR) dropped 24 percentage points in the third quarter as it cut back holdings of high-quality liquid assets.
The Swiss bank’s gauge of liquidity risk – which is calculated by dividing HQLA by weighted net cash outflows – dropped to 202% from 226% at end-June. It was the first decrease since the second quarter of 2017.
Total HQLA fell by Sfr13.5 billion
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