Switzerland revises liquidity rules for systemically important banks

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Global Investor   Tweet       Share Switzerland revises liquidity rules for systemically important banks The Swiss government on Friday adopted amendments to its liquidity ordinance to ensure systemically important banks can better weather events such as the COVID-19 pandemic in future. Citi's fat-finger trade could cost bank more than $50 million - Bloomberg Law Citigroup Inc could record losses of more than $50 million after a London-based employee's fat-finger trade caused a flash crash in European stocks last month, Bloomberg Law reported on Thursday, citing people familiar with the matter. Canada's Brookfield unit among sanitation companies seeking Brazil IPOs Two sanitation companies are expected to break Brazil's IPO drought in the coming months. Morningstar scraps ESG product found to overly focus on Israel A unit of Morningstar Inc that rates companies on environmental, social and governance criteria will no longer sell a human rights research product to investors after an independent review found it "focuses disproportionately on the Israeli/Palestinian conflict" relative to other high-risk regions, executives said on Thursday. AXA registers Shanghai fund unit as city seeks revival from COVID AXA Investment Managers has completed registration for a private fund unit in Shanghai, as Chinese regulators streamline processes to help foreign and local asset managers revive businesses amid COVID-19 outbreaks. China banks appeal for relaxation of documentation rules to ease funds flow-sources Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt services such as loan disbursements, sources said. Australia's ASX appoints Helen Lofthouse as first female chief Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens. AIB to pay NatWest 5.4 bln euros for Irish tracker mortgage book Allied Irish Banks will pay NatWest Group 5.4 billion euros ($5.75 billion) to acquire its Irish tracker mortgage book as the British lender moves towards completing its exit from Ireland. BoE's Cunliffe seeing evidence of slowdown in housing market Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market. Wells Fargo CEO sees $1 billion opportunity in growing investment bank Wells Fargo & Co's Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells' corporate and investment banking business on Wednesday by $1 billion opportunity. Related Videos Wall St. ends higher as Powell assuages rate worries Russian invasion 'pretty much locks in' gradual move by Fed -portfolio manager Markets 'are beginning to accept this negative news event' -portfolio manager Sponsors are not involved in the creation of these or any other Reuters news articles. Get Reuters News App To manage which newsletters you're subscribed to, click here. Want to stop receiving this email? Unsubscribe here. To contact us with feedback, reply to this email.                      © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Privacy Policy    |   Terms and Conditions