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Tag Archives: Credit Suisse

A Financial System Built on Bail-Outs?

In a Wall Street Journal opinion piece and an accompanying paper and blog post, John Cochrane and Amit Seru argue that vested interests prevent change towards a simpler, better-working financial system. They describe various “bail-outs” since 2020, in the U.S. financial sector and elsewhere. They point out that in Switzerland, too, the government orchestrated takeover of Credit Suisse by UBS relied on taxpayer support. And they conclude that regulatory measures after the great financial...

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SNB Annual Report

The SNB has published its annual report. Some highlights from the summary: Climate risks and adjustments to climate policy can trigger or amplify market fluctuations and influence the attractiveness of investments. From an investment perspective, such risks are essentially no different from other financial risks. The SNB manages the risks to its investments by means of its diversification strategy. … A prerequisite for illiquid assets to be used as collateral in obtaining liquidity...

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2023: A year in review

After the catastrophic covid crisis of 2020 and 2021, the extremely impactful and consequential Russian invasion of Ukraine in 2022, many hoped that 2023 would break this terrible bad spell and finally present us all with some hope, economically, geopolitically, socially, technologically. Unfortunately, it only offered further reasons for serious concerns on all these fronts.  Economically, even though the official inflation rate followed a downward trajectory, in most major...

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2023: A year in review

After the catastrophic covid crisis of 2020 and 2021, the extremely impactful and consequential Russian invasion of Ukraine in 2022, many hoped that 2023 would break this terrible bad spell and finally present us all with some hope, economically, geopolitically, socially, technologically. Unfortunately, it only offered further reasons for serious concerns on all these fronts.  Economically, even though the official inflation rate followed a downward...

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