Tag: FINMA
30 Swiss Banks Flunk FINMA’s Money Laundering Risk Analysis Review
Switzerland’s
Financial Market Supervisory Authority (FINMA) conducted an in-depth review of
the money laundering risk analyses of over 30 Swiss banks during the spring of...
Swiss FINMA Licensing Surge
The Swiss Financial Market Supervisory Authority (FINMA)
has issued licenses to a substantial 950 portfolio managers and trustees. These
licenses are the culmination of 1,749 license...
Ex-Singapore Parliamentarian’s Swiss Company Launches Swiss Franc and Euro Stablecoins
Singapore investor and former parliamentarian Calvin Cheng's newly rebranded Swiss company, Anchored Coins, was granted membership in the Swiss VQF in early 2023.
...
More Japanese Brokers Entangled in Credit Suisse’s AT1 Bond Fallout
Three more brokerages
might be facing Japan’s financial
regulator’s scrutiny into how
Additional Tier 1 (AT1) bonds of Swiss lender Credit Suisse were sold.
According to product explanatory...
Latest World Economic Forum Whitepaper Warns Of Potential Pitfalls For Country-Led Crypto Regulations – CryptoInfoNet
Efforts by particular person African nations to implement rules for the cryptocurrency trade might not be efficient except they’re supported by globally coordinated initiatives...
MAS: UBS, Credit Suisse’s Singapore Operations to ‘Continue Without Interruption’ – Fintech Singapore
The day-to-day operations of the Singapore entities of UBS and Credit Suisse will not be interrupted by the completion of the takeover, according to...
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to...
US Banking Crisis Triggered $68,000,000,000 in Outflows From Global Financial Giant: Report
Stress that began the US banking system triggered a flight of $68 billion from failed Swiss financial giant Credit Suisse, according to new reports.
The...
US Open: Stocks rebound, Jobless Claims decline again, Block tumbles, BOE/SNB/Norges all hike, Turkey holds, Tesla rallies, Oil higher, Gold recaptures $2000, Bitcoin faces...
US stocks are rising as Wall Street digests what might be the Fed’s last rate hike and Secretary Yellen’s comment on blanket deposit...
Credit Suisse Calls Bitcoin ‘a Bubble’ in NOV 2017, Needs an Emergency Rescue in MAR 2023
In November 2017, Tidjane Thiam, the then-CEO of Credit Suisse, referred to Bitcoin as a bubble, questioning the cryptocurrency’s long-term prospects. Fast forward to...
Fed Increases Global Liquidity
The world’s key central banks have announced an expansion of backstop liquidity amid bank collapses. The Bank of England, Japan, Europe’s Central Bank, the...
Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse
UBS would be able to reduce the size of Credit Suisse's investment bank as a result of the purchase, with the combined firm constituting...