Market Infrastructure

The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.

ASX says the introduction of a CIO role and the creation of a new technology unit will allow a greater focus of efforts on data and technology innovation.

A new CCP-led "Central Financial Commission" will be responsible for high-level design, development and supervision of the financial sector and financial stability.

15 buyers from various industries including banking purchased a total of 150,000 Verra-registered carbon credits in the inaugural auction.

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

The PBOC will defuse "bombs" by reducing the number of high-risk institutions especially small and mid-sized financial institutions.

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

Widespread usage of the tool will be "an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.

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.