Minister for Financial Services Stephen Jones is confident in the resilience of Australia’s prudential regulatory regime amid the current banking crisis sparked by the fall of Silicon Valley Bank. The Minister described Australia’s prudential framework as a win for those who held strong against the push for deregulation.
Banking giant UBS is buying troubled rival Credit Suisse for almost US$3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Switzerland to join UN Security Council for the first time in its history lenews.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lenews.ch Daily Mail and Mail on Sunday newspapers.
Switzerland to vote on whether to keep Covid restrictions as cases surge ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.