"I welcome the swift action and the decisions taken by the Swiss authorities. They are instrumental for restoring orderly market conditions and ensuring financial stability," ECB President Christine Lagarde said in a statement. "The euro area banking sector is resilient, with strong capital and liquidity positions. In any case, our policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed and to preserve the smooth transmission of monetary policy." (Reporting by Francesco Canepa Editing by Peter Graff)
004906975651247; Reuters Messaging: francesco.canepa.thomsonreuters.com@reuters.net)) FRANKFURT, March 19 (Reuters) - The European Central
Bank said on Sunday a Swiss rescue of Credit Suisse was
"instrumental" for restoring calm on financial markets but it
remained ready to support euro zone banks with loans if needed.
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