financetom
Business
financetom
/
Business
/
Credit Suisse collapse showed weakness in regulatory framework: SNB
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Credit Suisse collapse showed weakness in regulatory framework: SNB
Jun 19, 2024 10:06 PM

ZURICH (Reuters) - The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, the Swiss National Bank said on Thursday.

"The SNB shares the Federal Council's view concerning need for action in the areas of capital requirements, liquidity requirements, early intervention, and recovery and resolution planning," the central bank said in its annual financial stability report.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer
Sector Update: Consumer
Jun 21, 2024
01:31 PM EDT, 06/21/2024 (MT Newswires) -- Consumer stocks were edging up Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%. In corporate news, CarMax ( KMX ) posted better-than-expected fiscal Q1 results, while macroeconomic hurdles continued to damp the used-vehicle retailer's sales. The shares...
Update: Apple Reportedly Delays Rollout of AI Features in EU Due to Regulatory Concerns
Update: Apple Reportedly Delays Rollout of AI Features in EU Due to Regulatory Concerns
Jun 21, 2024
02:00 PM EDT, 06/21/2024 (MT Newswires) -- (Updates to include additional details and a request for comment in the second to fifth paragraphs.) Apple ( AAPL ) is withholding the launch of its artificial intelligence platform and other new features in the European Union due to uncertainties related to new competition rules in the bloc, according to media reports Friday....
JPMorgan Chase, Turnbull Reach Tentative Settlement in Wrongful Termination Suit
JPMorgan Chase, Turnbull Reach Tentative Settlement in Wrongful Termination Suit
Jun 21, 2024
02:01 PM EDT, 06/21/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) and Donald Turnbull reached a tentative settlement over Turnbull's wrongful termination lawsuit, Turnbull's lawyer Eric Adams said in a Thursday court filing. Adams informed US District Judge John Koeltl in Manhattan that finalizing the deal may take another month. Both parties requested a continued stay of discovery through...
Ulta Beauty Unusual Options Activity For June 21
Ulta Beauty Unusual Options Activity For June 21
Jun 21, 2024
Financial giants have made a conspicuous bearish move on Ulta Beauty ( ULTA ). Our analysis of options history for Ulta Beauty ( ULTA ) revealed 11 unusual trades. Delving into the details, we found 9% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $159,790,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved