Swiss call for change to bank liquidity rules

New rules: A Credit Suisse branch in Bern is seen in this file picture. The Swiss lender has shown that it is unrealistic for the LCR to fall below 100%. — AFP

LONDON: Switzerland has called for changes to global measures to prevent liquidity crunches which were introduced after the global financial crisis to make bank runs less calamitous.

A year after the collapse of Credit Suisse, which was bought by UBS in an emergency rescue, Swiss officials and regulators are examining how to change liquidity rules to make banking deposits more stable and avoid bank runs.