All posts tagged "FINMA"
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1.5KAML / KYCSingapore, Korea, Switzerland Announce Sanctions Against Russia
Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.
March 1, 2022 -
633EuropeFINMA Grants Approval Allowing SIX to Deal in Digital Securities
SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.
September 17, 2021 -
456EuropeIndependent Report Finds Risk Control Failures at Credit Suisse
The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021 -
234ESG / SustainabilityFINMA to Require Banks, Insurers to Disclose Climate Risks
New disclosure rules will enter into force on 1 July, requiring large banks and insurers to disclose climate-related financial risks.
June 2, 2021 -
545FeatureBank Losses from Archegos Collapse to Exceed $10bn
New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.
April 29, 2021 -
374Enforcement
FINMA Opens Probe Into Credit Suisse Archegos Losses
The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.
April 24, 2021 -
847Feature
Hedge Fund Collapse Sparks Billions in Losses for Banks
The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
March 30, 2021 -
516Enforcement
Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud
The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.
February 10, 2021 -
353ChinaUS SEC Settles Luckin Coffee Fraud Charges for $180m
Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.
December 18, 2020 -
993Fintech / RegtechLibra Association to Launch Scaled-down Digital Currency in January
The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.
December 4, 2020
