Liquidity Supply for the Swiss Economy in Response to COVID-19

The Swiss economy is severely affected by the consequences of the coronavirus pandemic. In order to overcome the challenges posed by this exceptional situation and prevent an economic crisis, the availability of credit to private companies and a liquid banking system are essential. The Federal Council, the Swiss National Bank ("SNB") and the Swiss Financial Market Supervisory Authority ("FINMA") have therefore joined forces with the Swiss banks to put together a package of measures to enhance liquidity supply.