> Are you saying that individual Swiss banks are currently free to make up their own reserve requirements? No, but bank lending is not made from customer depos

> Are you saying that individual Swiss banks are currently free to make up their own reserve requirements? No, but bank lending is not made from customer deposits or bank reserves - lending occurs first, then reserve requirements are met afterwards. See for instance this research paper from Standard & Poor's: Repeat After Me: Banks Cannot And Do Not "Lend Out" Reserves https://www.kreditopferhilfe.net/docs/S_and_P__Repeat_After_Me_8_14_13.pdf https://www.kreditopferhilfe.net/docs/S_and_P__Repeat_After_...