Welcoming the Swiss authorities' decision over Credit Suisse's takeover bid rival UBS, European Central Bank's (ECB) President, Christine Lagarde on Tuesday told the EU Parliament Committee that, The euro area banks were "resilient, with strong capital and liquidity positions." "But, if needed the Central Bank remains ready to support euro-zone banks with loans," She added.

"Our policy toolkit is fully prepared to provide liquidity support to the euro area financial system, and to sustain smooth transmission of monetary policy," Lagarde further stated.

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