Credit 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, 2023Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.
November 3, 2022FINMA will monitor Credit Suisse to ensure it meets all of its regulatory requirements during the implementation of its restructuring programme.
November 1, 2022The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.
January 26, 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, 2022