Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
March 30, 2022The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.
March 30, 2022Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.
March 4, 2022The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.
February 21, 2022In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.
January 14, 2022Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.
December 9, 2021Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.
November 4, 2021Transactions that raised over $1bn were used to "perpetrate a hidden debt scheme", pay kickbacks to investment bankers, and bribe government officials.
October 20, 2021The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.
September 1, 2021