The capital plans announced by Credit Suisseyesterday have turned the Swiss clocks back to 2008, when it last raised capital. The bank will conjure up SFr15.3bn . Funny that. When the Swiss National Bank’s financial stability report questioned its capital position last month, Brady Dougan, Credit Suisse’s chief executive, and the board vehemently denied the need for more. Credit Suisse has caved in and “accelerated” measures to put its capital position beyond doubt. They are a sound first step but, critically, do not yet tick the Basel III box.
瑞士信贷(Credit Suisse)昨日公布的资本金补充方案，让人们想起2008年该行上一次扩充资本金时的情境。这一次，瑞信得设法筹集到153亿瑞士法郎资本金。可笑的是，瑞士央行(Swiss National Bank)在上月发表的金融稳定报告中质疑瑞信的资本金状况时，瑞信首席执行官杜德恒(Brady Dougan)及董事会还强烈否认其存在补充资本金的必要。现在，瑞信已停止争辩，并开始“加快脚步”采取措施来打消市场对其资本金充足状况的担心。这确实是一个良好的开端，但这些措施却仍不能使瑞信达到《巴塞尔协议III》(Basel III)的要求——这一点很要命。