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Swiss Banks' Regulatory Review
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Switzerland is not considering limits on bank deposit withdrawals as part of its review of financial regulation. Swiss authorities and banks are discussing new measures to prevent bank runs, possibly including staggered withdrawals, fees on exits, and higher interest rates. The Swiss National Bank injected 168 billion Swiss francs to avoid a financial crisis and protect against outflows of customer deposits. The SNB is expected to skip its annual payout to shareholders and government due to losses on its portfolios.
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How can the lessons learned from the Credit Suisse crisis influence future financial regulations in Switzerland and globally?
How might the discussions on new measures to prevent bank runs impact the stability of the Swiss financial system?
What are the potential implications of the Swiss National Bank's decision to skip its annual payout to shareholders and government?
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