Credit Suisse is facing a proposed class action in New York, over allegations it hid defects in its risk policies so it could extend excessive leverage to trade finance provider Greensill and family office Archegos Capital.
21 April 2021
Germany’s government has recruited the head of Switzerland’s financial markets authority to lead its own watchdog BaFin.
24 March 2021
Switzerland’s banking regulator has told crypto broker Bitcoin Suisse its application for a banking licence is “ineligible for approval”, after it uncovered weaknesses in its money laundering defence mechanisms.
18 March 2021
The working group preparing for the discontinuation of Swiss franc Libor has published its standardised amendment agreement for the switch, drafted by a team from Baker McKenzie’s Zurich office.
04 February 2021
Facebook’s crypto-currency project Libra has hired Credit Suisse’s former global head of regulatory affairs.
26 November 2020
O’Melveny & Myers partner Stevan Bunnell has joined Facebook’s cryptocurrency project Libra as chief legal officer, while the European Securities and Markets Authority has nominated members for the central counterparties supervision committee formed under last year’s EMIR revision.
04 September 2020
Ukraine’s central bank has appointed a new governor after its previous head resigned over “systematic political pressure”; regulators in the UK and Dubai have announced board changes; and Swiss firm Schellenberg Wittmer has hired an of counsel in Geneva.
20 July 2020
Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.
16 July 2020
Swiss lawyers say an upcoming Supreme Court decision regarding the impartiality of a law firm, hired by regulator Finma to examine Credit Suisse’s spying scandal, will clarify conflict of interest rules in monitorships ordered by the agency.
10 June 2020
Facebook’s cryptocurrency project Libra has filed for regulatory approval in Switzerland – dropping plans for a Bitcoin-like permissionless system and adding a single-currency coin.
17 April 2020
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