SNB Schlegel speaks on bank liquidity and risk

<p>SNB Schlegel is on the wire saying:</p><ul><li>Banks need to better prepare collateral in the future to obtain emergency liquidity from central banks.</li><li>It is crucial to slow the speed at which deposits can be withdrawn.</li><li>Credit Suisse received the largest amount of liquidity assistance ever provided to a single bank worldwide.</li><li>Liquidity assistance alone would not have resolved the crisis</li></ul><p>Comments are not economic or policy related but addresses banking risks and comments that measures need to be taken to clean up to prevent a Credit Suisse in the future.</p>

This article was written by Greg Michalowski at www.forexlive.com.