Pietro Di Fluri

Pietro Di Fluri

Director, Financial Services

Are you up to speed with the FX Global Code?

Many of Switzerland’s banks haven’t yet adopted the FX Gobal Code. But the tide is changing. Some regulators such as the Swiss National Bank recently signed a Statement of Commitment to the FX Global Code and announced its expectation that its counterparties do the same.
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EU banking stress-test – Consequences for Swiss institutions

123 EU banking groups and EUR 28,000 billion of assets reviewed - these are some of the key figures of the European Banking Authority’s (EBA) asset quality review and stress testing. 18% of performing loans scrutinized were reclassified to non-performing and an aggregate capital shortfall of EUR 24.6 billion arose.
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