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Postfinance continues to believe that Finma miscalculated the institution’s interest rate risks. Postfinance spokesperson Dörte Horn confirmed a related report published Saturday by the “Neue Zürcher Zeitung” at the request of the Keystone-SDA news agency.
In July 2021, the Financial Markets Authority (Finma) placed a stock surcharge order for Postfinance. Otherwise, he argued, there wouldn’t be enough security regarding the risks taken by Postfinance. Among other things, this involves the question of how much a significant, sudden interest rate increase will affect Postfinance’s earnings.
The company particularly criticizes Finma’s little consideration of the special features of Postfinance’s business model.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
