Swedbank made a change to a business-critical IT system without following its internal procedures and processes.
Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.
The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.
HKEX said the launch of RMB counter will allow investors to seamlessly interchange between securities listed in both HKD and RMB.
Authorities dismantled ChipMixer's infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.
FINMA said Credit Suisse meets capital and liquidity requirements applicable to systemically important banks. SNB will provide liquidity to the bank if necessary.
Widespread usage of the tool will be "an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.
Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.
New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.