The International Monetary Fund (IMF) called on Thursday for significant reforms in Switzerland's financial sector. The call follows Credit Suisse's acquisition by UBS, which quelled immediate financial market unrest but highlighted deeper systemic risks within Switzerland's banking...
Banks from the United Kingdom may face fines in case they do not offer free cash withdrawal access within five kilometers of consumers and businesses, Sky News reported on Thursday, citing people with knowledge of the matter.
According to the new regulations, the Financial Conduct...
The United States Federal Reserve Board announced on Wednesday that it is extending measures that will allow banks with over $100 billion in total assets to keep high levels of capital resilience for longer. The extension will include the entire fourth quarter of 2020, the Fed added.
During the...
The European Banking Authority (EBA) stated on Tuesday that the largest banks in the European Union will need to add €135 billion to their balance sheet in order to adequately adhere to the current Basel rules. The latest iteration of said rules, which were approved by various banking watchdog...
The Basel Committee for Banking Supervision (BCBS) announced on Monday that its supervisory body, the Group of Central Bank Governors and Heads of Supervision (GHOS), approved a set of revisions to the market risk framework and BCBS's strategic priorities and work program for 2019, according...
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