Credit Suisse seeks US$54 billion liquidity boost from central bank

Credit Suisse has applied for a US$54 billion lifeline after the Swiss central bank accepted that it would have to provide it with extra liquidity – but practitioners say the bank’s business …

British MPs query ringfencing exception in HSBC’s purchase of SVB UK

The terms of HSBC’s £1 purchase of Silicon Valley Bank UK are coming under scrutiny from UK lawmakers, who have questioned why HSBC required exemptions from the UK’s ringfencing regime as a …

SVB-Signature aftermath prompts increased scrutiny of interest rate risk

Practitioners expect “two to three years” of increased regulatory attention to liquidity and risk management in response to the collapses of Silicon Valley Bank and Signature Bank.

From Lexology
Cozen Currents: Banking on a Crisis

This past weekend’s fast-moving banking crisis was an abrupt reminder that the era of easy money is over. While regulators were able to avoid broader…

Marketing of Cryptoassets Pushed Up on UK Financial Regulator’s Agenda

In a recent statement, the UK’s financial regulator - the Financial Conduct Authority (FCA) - made it clear that businesses marketing certain…

Bank of England Resolves Silicon Valley Bank UK Through Sale to HSBC

The Bank of England (BoE) has announced that Silicon Valley Bank UK Limited (SVB UK) will be sold to HSBC UK Bank Plc (HSBC). This is being carried…

Egypt: New regulations on payment cards tokenization on electronic devices applications

The Central Bank of Egypt (CBE) recently published regulations pertaining to payment cards tokenization on electronic devices applications…

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