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Strong improvement in capital reserves and liquidity risk profiles key to banking resilience, says BCBS
23 March 2023 Switzerland
Reporter: AST

Since 2011, banks’ leverage ratio has improved from 3.5 to 6.5 per cent and their risk-based common equity tier 1 ratio (CET1) has risen from 7 to 13 per cent, according to Basel Committee

EU supervisors confirm ranking in resolution waterfall following Credit Suisse takeover
21 March 2023 Switzerland
Reporter: Bob Currie

The EU Single Resolution Board (SRB) has issued a statement confirming that holders of Additional Tier 1 (AT1) instruments should rank ahead of holders of common equity in case of resolution or insolvency of a banking institution in the Banking Union

Central banks take action to enhance US dollar repo operations
20 March 2023 Global
Reporter: Carmella Haswell

The Bank of England will increase the frequency of seven-day maturity US dollar repo operations from weekly to daily, commencing on Monday 20 March 2023, as markets react to Credit Suisse troubles

UBS set to take over Credit Suisse in “emergency rescue”
20 March 2023 Switzerland
Reporter: Jenna Lomax

The mandate was signed without approval of shareholders, under emergency orders issued by the Swiss Federal Council, yesterday (Sunday 19 March)

Torstone Technology appoints Sam Farrell as head of North America
16 March 2023 Canada
Reporter: Jenna Lomax

Based in Toronto, Farrell will be responsible for all US and Canadian operations at the company, expanding its North American footprint

IQ-EQ appoints new global head of private and institutional asset owners
14 March 2023 Luxembourg
Reporter: Jenna Lomax

Based in Luxembourg, Georgopoulos will report to group chief commercial officer, Emma Crabtree

Credit Suisse expands sustainability offerings
07 March 2023 Switzerland
Reporter: Lucy Carter

Credit Suisse has partnered with act Cleantech Agentur Schweiz to expand its sustainability-related advisory services to corporate clients

Credit Suisse and Taurus continue digital asset journey
17 February 2023 Switzerland
Reporter: Lucy Carter

Credit Suisse has expanded its partnership with digital asset infrastructure provider Taurus, serving as lead investor in its Series B funding round

Credit Suisse acquires MK&C as part of CS First Boston carveout
13 February 2023 US
Reporter: Lucy Carter

Credit Suisse Group has successfully acquired M. Klein & Company’s investment banking business The Klein Group, making further progress with the carveout of Credit Suisse First Boston announced in October 2022

Standard Chartered hires Heale
05 January 2023 UK
Reporter: Carmella Haswell

Nick Heale joins the digital assets team at Standard Chartered Bank, where he will assist with the operational build-out for digital assets

Swiss banks advance tokenisation PoC as foundation for alternative financial infrastructure
13 December 2022 Switzerland
Reporter: Bob Currie

Participants indicate that trial lays foundations for an alternative Swiss post-trade infrastructure functioning without CCP or CSD, enabling reduced cost and complexity across the securities transaction lifecycle

US Bank promotes Breda Sullivan
05 December 2022 Ireland
Reporter: Lucy Carter

US Bank Investment Services has promoted Breda Sullivan to head of depositary, custody and banking