The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
State media said the RRR cut reflects the Chinese government's "responsibility to the world" after it resisted following the US in raising interest rates.
Regulators intend to introduce a new capital buffer system which will be based on banks' risk management and stress test results.
The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.
The CFR will monitor the fallout from the collapse of US banks through ‘intensive supervision' of Australia’s banking system.
Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
FINMA said Credit Suisse meets capital and liquidity requirements applicable to systemically important banks. SNB will provide liquidity to the bank if necessary.
The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, says the Bank of England.
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
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