"FINMA is evaluating the direct and indirect exposure of the banks and insurance companies it supervises to the institutions concerned," it said. "The aim is to identify any cluster risks and potential for contagion at an early stage." (Reporting by Paul Arnold, writing by John Revill, editing by Rachel More)
Messaging: john.revill.thomsonreuters.com@reuters.net)) ZURICH, March 13 (Reuters) - Swiss financial regulator
FINMA on Monday said it was monitoring the situation surrounding
failed Silicon Valley Bank and looking for signs of
contagion from the bank's collapse.
"FINMA takes note of the media reports on Silicon Valley
Bank in the USA and is closely monitoring the situation," FINMA
said in a statement.
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