The Swiss Financial Market Supervisory Authority FINMA has opened enforcement proceedings against Credit Suisse after the bank suffered significant losses in connection with a US hedge fund (“Archegos”). Furthermore, FINMA announces that it opened proceedings against the bank in the context of the “Greensill” case in March 2021. Supplementing measures taken by the bank, FINMA has in addition requ...

FINMA - Swiss Financial Market Supervisory Authority

The Swiss Financial Market Supervisory Authority FINMA has opened enforcement proceedings against Credit Suisse after the bank suffered significant losses in connection with a US hedge fund (“Archegos”). Furthermore, FINMA announces that it opened proceedings against the bank in the context of the “Greensill” case in March 2021. Supplementing measures taken by the bank, FINMA has in addition required various risk-reducing measures.

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Published on Apr. 22th, 2021 Published on Apr. 22th, 2021

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Sept. 20th, 2021

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ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.