Shares of Credit Suisse dropped 8 percent by mid-day, after the annual report from the Swiss National Bank said Credit Suisse should raise capital more quickly to better shield it from euro zone risks.

The report did not say Credit Suisse should go above planned tougher capital, or easily-made-cash, requirements, but they should be reached sooner perhaps by suspending a dividend or further share issuance.

UBS was also cautioned to keep stashing profits in lieu of dividends.

Swiss National Bank chairman Thomas Jordan said today the bank would not tolerate a stronger Swiss Franc, but will keep the minimum rate to the Euro at CHF 1.20. 

“Even at a level of CHF 1.20 per euro, the Swiss franc is still massively over-valued, presenting large parts of our economy with a difficult situation,” Jordan said. ”Therefore, we will continue to enforce the minimum exchange rate with the utmost determination. If necessary, we stand ready to take further measures at any time.”

Interest rates will remain the same: near zero. 

The SNB says there is no risk of inflation for the time being.