Book chapter
Open access

The Rescue of UBS by the Swiss Confederation

ContributorsThévenoz, Luc
Published inInternational Monetary and Financial Law – The Global Crisis, Editors Giovanoli, M. & Devos, D., p. 378-391
PublisherOxford : Oxford University Press
Publication date2010

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.

Citation (ISO format)
THÉVENOZ, Luc. The Rescue of UBS by the Swiss Confederation. In: International Monetary and Financial Law – The Global Crisis. Oxford : Oxford University Press, 2010. p. 378–391.
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Book chapter (Published version)
  • PID : unige:10838

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