This is the best summary I could come up with:
The need for credible options was reinforced after the Swiss central bank stepped in with a liquidity backstop for Credit Suisse in March, before it was taken over by rival UBS (UBSG.S).
The European Banking Authority (EBA) said on Thursday that it will begin checking next year whether national regulators are testing the assumptions banks have on finding liquidity after a collapse, particularly in light of the "potential speed of deposit withdrawals, a crucial element that emerged in the context of the recent crisis event in the US and Switzerland".
Liquidity refers to readily available cash or short-term debt with a ready buyer to fund a bank's day-to-day operations without having to sell assets.
The EBA on Thursday published findings from its first report looking at how regulators across the 27-country EU apply 'resolution' rules introduced after the global financial crisis to avoid taxpayer bailouts of banks.
"Strategies and actions suggested by institutions to support liquidity in resolution remained limited and mostly focused on accessing central bank facilities," EBA said in its report.
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