Capital / Liquidity

Swiss Parliamentary Commission to Investigate Credit Suisse Deal

18/05/2023

The investigation’s exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.

Capital / Liquidity

CDS Payments Not Triggered by Credit Suisse Bond Wipe-out

18/05/2023

The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.

Capital / Liquidity

FDIC Ordered to Return Tax Refund Cheques to SVB Financial

18/05/2023

The court ruled that the FDIC has no authority to intercept tax refund checks clearly written out to “SVB Financial”, the bankrupt former parent of Silicon Valley Bank.

Securities / Derivatives

Futu, Tiger Brokers to Delist from Chinese App Stores

17/05/2023

The online brokers were ordered in December to stop opening accounts for mainland investors to invest in Hong Kong and US markets.

ESG / Sustainability

ICMA, LuxSE Launch New Sustainable Bond Database

17/05/2023

Data is available on more than 8,700 listed green, social, sustainability and sustainability-linked bonds aligned with ICMA’s Principles.

ESG / Sustainability

Malaysia to Update TCFD Adoption Guide for FIs

17/05/2023

The guide will be updated to take into account the new general sustainability-related (S1) and climate-related (S2) disclosure standards from the ISSB.

Securities / Derivatives

Malaysia SC Commences Review of Capital Markets Law

17/05/2023

The review is part of the SC’s efforts to modernise the law, promote efficiencies, maintain capital market competitiveness, and ensure investors are protected.

Enforcement

ECB Fines Goldman Sachs for Miscalculating RWA

17/05/2023

Goldman’s European unit reported lower RWA for credit risk than it should have done for eight consecutive quarters.

Sanctions

Shipping Groups Seeking “Sanctions-proof” Contracts with China

17/05/2023

Shipping groups are reportedly seeking to insert clauses in their contracts that would allow them to cancel deals with Chinese counterparts due to sanctions.