Switzerland

The Bank of International Settlements reports that after-tax profits for largest internationally active banks had grown to a record €279 billion at end of H1 2023, while LCR coverage has improved to 137 per cent for G-SIBs

Following the Credit-Suisse-UBS merger, these steps include strengthening the G-SIB recovery and resolution framework and reinforcing the supervisory framework, invention powers and resources accorded to FINMA

The connection between the platforms will be activated provisionally in H2 2024, the firms state

The consultation report, Streamlining Variation Margin in Centrally Cleared Markets, outlines eight practices for promoting effective VM processes and transparency between CCPs, clearing members and their clients

The Swiss online banking company will employ Sharegain’s securities lending as a service solution to offer lending to its non-US private clients

This first batch of projects for 2024, focusing on CBDCs, green finance, cybersecurity and steps to eliminate financial crime, builds on a further eight projects that are currently ongoing and 12 that were completed during 2023

Tilman Fechter was head of strategy fund services at Deutsche Börse and was a member of the management board at Clearstream

The toolkit aims to reduce fragmentation in regulatory and supervisory approaches to third-party risk management across jurisdictions and different areas of the financial services sector