Tri-party repo switch prompts Credit Suisse liquidity boost
Swiss bank LCR surges to 226%
Credit Suisse plumped its liquidity buffer by Sfr22.2 billion ($22.4 billion) over the second quarter, largely to guard against risks from moving its tri-party repo business.
The bank’s chief financial officer, David Mathers, said the build-up of its liquidity pool – made up of cash on deposit at central banks and highly-rated government bonds – was done for two reasons: to smooth the transition
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