Credit Suisse and UBS - What Kind of Risk Does That Pose for UBS?

UBS becomes the one systemically important bank in Switzerland. One of the key drivers for Credit Suisse to want to stabilize the situation is just the fact that these two banks do have ties to each other and Credit Suisse does have ties globally. And even though their capital and liquidity position are more strong, as we know that liquidity, sometimes the situation can change quickly.