Banque de France has determined that wholesale CBDC would improve cross-border payments, settlement finality, and security for a "vast range of financial assets".
July 25, 2023Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.
June 29, 2023The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.
June 23, 2023UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).
June 12, 2023The investigation's exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.
May 18, 2023Credit Suisse's "too big to fail" emergency plan would have triggered an "international financial crisis", according to Swiss finance minister Karin Keller-Sutter.
March 28, 2023From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.
March 20, 2023The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
March 20, 2023The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.
March 17, 2023FINMA said Credit Suisse meets capital and liquidity requirements applicable to systemically important banks. SNB will provide liquidity to the bank if necessary.
March 16, 2023