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The Rescue of UBS by the Swiss Confederation

Published in Giovanoli, M. & Devos, D. International Monetary and Financial Law – The Global Crisis. Oxford: Oxford University Press. 2010, p. 378-391
Abstract This chapter examines the unique features of the rescue of UBS, Switzerland's largest bank, by the Swiss Confederation and the Swiss National Bank in the particular circumstances of the financial crisis culminating with the failure of Lehmann Brothers in September 2008. It analyses the particular mix of tools used for that purpose, including a capital injection of CHF 6 billion and the purchase of some USD 38.7 billion worth of troubled assets by the Swiss National Bank.
Stable URL http://archive-ouverte.unige.ch/unige:10838
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ISBN: 978-0-19-958841-1
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