As a subsidiary of a global systemically important bank (GSIB), the Swiss unit -- which launched as Credit Suisse (Schweiz) AG in November -- will need to keep at least 10 percent of risk-weighted assets in common equity tier 1 the Financial Stability Board’s ’s new Swiss bank will be held to the same capital standards as its global parent, Switzerland ’s State Secretariat for Financial Matters (SIF) said. As a subsidiary of a global systemically important bank ( GSIB ), the Swiss unit will need to keep 4.5% of risk-weighted assets in CET1 capital—more than double the at least 10% required internationally under Credit Suisse 2022 standards.
the Financial Stability Board’s ’s new Swiss bank will be held to the same capital standards as its global parent, Switzerland ’s State Secretariat for Financial Matters (SIF) said. As a subsidiary of a global systemically important bank ( GSIB ), the Swiss unit will need to keep 4.5% of risk-weighted assets in CET1 capital—more than double the at least 10% required internationally under Credit Suisse 2022 standards.