SNB's Jordan on Inflation, Rates, Banks' Resilience

The transcript discusses global inflation, noting its recent increase but viewing it as temporary. It highlights Switzerland's low inflation and the need for continued expansionary monetary policy due to the high value of the Swiss franc. The conversation shifts to financial stability, emphasizing the strong capitalization of UBS and Credit Suisse, while acknowledging risks in certain business areas. The discussion concludes with concerns about liquidity in the event of a crisis, prompting a working group to assess regulatory adjustments.

What are the substantial risks mentioned regarding globally active banks?

How important is risk management for banks involved in investment banking?

What steps is the Swiss government taking to address liquidity concerns in major banks?