Capital / Liquidity

Credit Suisse AT1 Bondholders File Suit Against FINMA

22/04/2023

Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.

Fintech / Regtech

DBS Formed a Special Committee to Oversee Probe into March Outage

22/04/2023

Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.

Sanctions

UK Sanctions Russians Over ‘Politically-motivated Conviction’

21/04/2023

The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.

Market Infrastructure

RBA to Undergo Overhaul Following Comprehensive Review

21/04/2023

The review report suggests splitting the RBA’s board into a monetary board and a corporate governance board.

Crypto / Digital Assets

Russia Plans to Allow Crypto in Cross-border Trade Deals

21/04/2023

Special organisations will be created to mine crypto and process payments for cross-border export and import deals.

Big Picture

ISLA Details Benefits of Tokenisation in Securities Financing Market

21/04/2023

The paper discusses how tokenisation of assets can open up multiple opportunities for the securities financing industry.

Crypto / Digital Assets

Societe Generale Launches EUR Stablecoin on Public Blockchain

21/04/2023

The stablecoin’s legal structure guarantees complete segregation of the collateral assets held to back its value.

ESG / Sustainability

ISCA Issues New SME Guidance on Climate Risk, Green Finance

21/04/2023

ISCA calls on companies to get started on pilot testing their scenario analysis capabilities and offers guidance on accessing green finance.

Securities / Derivatives

Singapore Investors Prepare to Sue Over Credit Suisse AT1 Bond Losses

21/04/2023

Lawyers for Singapore investors are preparing to argue that the Swiss government’s decision to write off Credit Suisse AT1 bonds violated a free trade agreement.