TOKYO : The head of Japan's banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected by a crisis of confidence in Credit Suisse, as the country's banks are well-capitalised.A plunge in shares of Credit Suisse has renewed fears of a full-blown ban
TOKYO : The head of Japan's banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected by a crisis of confidence in Credit Suisse, as the country's banks are well-capitalised.
"Global banks have beefed up their risk controls over capital and liquidity" since the 2008 global financial crisis, Junichi Hanzawa, chairman of the Japanese Bankers Association, told reporters. He also said systemic risks from the collapse of U.S.-based Silicon Valley Bank have been reduced since the Federal Reserve's decision to backstop all depositors.
Hanzawa assured of the health of the Japanese banking sector, saying that major banks have hedged their positions in foreign bonds and regional banks have already sold substantial amounts of them.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse flags 'material weaknesses' in financial reporting controlsZURICH: Credit Suisse acknowledged on Tuesday (Mar 14) 'material weaknesses' in its internal controls over financial reporting as the bank released its annual report, which was delayed following queries from US regulators regarding its books. Credit Suisse was supposed to publish its annual re
Read more »
Credit Suisse shares sink as top shareholder rules out more cashPARIS: Credit Suisse's shares plunged to fresh lows on Wednesday (Mar 15) as its main shareholder said it would not provide more financial assistance to the embattled Swiss banking giant. 'The answer is absolutely not, for many reasons outside the simplest reason which is regulatory and statutory,' Saudi N
Read more »
Swiss central bank throws financial lifeline to Credit Suisse after shares pummelledZURICH: The Swiss central bank said on Wednesday (Mar 15) that capital and liquidity levels at embattled Credit Suisse were adequate but stressed it was ready to make liquidity available to the institution if needed. The announcement came after shares in Switzerland's second-biggest bank
Read more »
Credit Suisse to borrow up to $54 billion as it seeks to calm investor fearsCredit Suisse on Thursday said it was taking 'decisive action' to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.The Swiss bank's problems have shifted the focus for investors and regulat
Read more »
Credit Suisse to borrow up to US$54 million from Swiss National BankCredit Suisse Group AG on Thursday (Mar 16) said it will borrow up to 50 billion Swiss francs (US$54 billion) from the Swiss National Bank, in what it called 'decisive action' to strengthen its liquidity. The move came after Swiss regulators
Read more »
Credit Suisse intends to borrow up to US$54 billion from Swiss National BankCredit Suisse Group AG said on Thursday (Mar 16) it intended to borrow up to 50 billion Swiss francs (US$54 billion) from the Swiss National Bank in what it called 'decisive action' to boost its liquidity. The planned move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unpr
Read more »