by These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1 © Keystone / Michael Buholzer The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank. These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1, 2022, FINMA said in a statement on Tuesday. The investigating agent appointed by FINMA will continue to perform their duties. Specifically, these are measures to protect creditors. They include a deferral of obligations from deposits as well as a far-reaching ban on disbursements and transactions. The measures, which were imposed
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?
Connor O'Keeffe writes The Establishment’s “Principles” Are Fake
Per Bylund writes Bitcoiners’ Guide to Austrian Economics
Ron Paul writes What Are We Doing in Syria?
These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1 © Keystone / Michael Buholzer
The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank.
These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1, 2022, FINMA said in a statement on Tuesday. The investigating agent appointed by FINMA will continue to perform their duties.
Specifically, these are measures to protect creditors. They include a deferral of obligations from deposits as well as a far-reaching ban on disbursements and transactions.
The measures, which were imposed in March, had already been extended on June 1 and partially lifted for a short period in July so the bank could settle claims of non-sanctioned creditors. Repayments to sanctioned persons or to the parent company Sberbank of Russia in particular were excluded.
Sberbank (Switzerland) is an indirect subsidiary of Sberbank of Russia. It is not directly affiliated with the Sberbank Europe Group, which is affected by sanctions due to the war in Ukraine.
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
Tags: Featured,Latest news,newsletter