Swiss central bank tracking Evergrande woes, Swiss banks play down exposure By Reuters – Investing.com

  • Date: 23-Sep-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Jordan
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Swiss central bank tracking Evergrande woes, Swiss banks play down exposure By Reuters – Investing.com

ZURICH (Reuters) - The Swiss National Bank is closely monitoring the situation at China's Evergrande Group, SNB Chairman Thomas Jordan said on Thursday, amid concerns that its debt problems could pose risks to China's financial system.

"It is wrong to be alarmist, but it is also wrong to dismiss it as a local small problem," Jordan told journalists on a call when asked about the potential knock-on effects for Switzerland.