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The Parliamentary Commission of Inquiry (CEP) is investigating the failures that led to Credit Suisse's collapse, focusing on the roles of key officials and the interaction between financial authorities. The report, expected soon, will address whether regulatory bodies like Finma should have acted sooner and if they need more powers to prevent future crises. Additionally, it will explore the adequacy of capital requirements for major banks in Switzerland.
Venture capital funding in stablecoin projects is surging, driven by expanding applications beyond crypto trading, such as remittances and B2B payments. With annual transaction volumes already between $200 billion and $250 billion, stablecoins are projected to handle $1 trillion in transactions by 2026, capturing over 1% of global cross-border payments. This shift highlights their growing importance in financial systems, particularly in regions with limited banking infrastructure, as they enhance efficiency and accessibility in global payments.
MarketAxess and UBS Bond Port have integrated their workflows, allowing users of Axess IQ to route orders directly to UBS Bond Port with a single click. This enhancement aims to improve execution efficiency by enabling traders to manage orders seamlessly within Axess IQ while accessing UBS's liquidity pool. The integration also supports intelligent limit monitoring and data-driven order management, streamlining the trading process for execution desks.
MarketAxess and UBS Bond Port have integrated their workflows, allowing users of Axess IQ to route orders directly to UBS Bond Port with a single click. This enhancement aims to improve execution efficiency by enabling traders to manage orders seamlessly within Axess IQ while accessing UBS's liquidity pool. The integration also supports intelligent limit monitoring and data-driven order management, streamlining the trading process for execution desks.
Ripple's CTO, David Schwartz, cautioned potential investors against panic buying the upcoming RLUSD stablecoin, which is trading significantly above its intended $1 peg. He warned that early buyers might face inflated prices and emphasized that RLUSD is not a speculative asset, urging against FOMO. Schwartz reassured that the stablecoin's price would stabilize near $1 post-launch, despite the competitive landscape dominated by established players like Tether and Circle.
Donald Trump is reportedly planning to utilize a $200 billion US Treasury fund to bolster Bitcoin reserves. This strategy could position the United States as a leader in Bitcoin holdings, reflecting the growing global interest in cryptocurrency.
The crypto market has experienced extreme volatility, with over $2.5 billion in liquidations affecting long positions and altcoins. Amidst this turbulence, Plus Wallet offers advanced features like custom price alerts and Unified Wallet Balances, enhancing user control and security. Meanwhile, Binance plans to relaunch its Web3 wallet, aiming to improve accessibility while competing with established platforms.
Societe Generale has successfully completed its first repo transaction on a public blockchain. In a significant development, MarketAxess’ Axess IQ now integrates with UBS Bond Port, allowing users to route orders directly to UBS with a single click, enhancing liquidity and workflow efficiency. This collaboration enables traders to manage orders seamlessly while accessing multiple trading protocols and liquidity pools.
Five years ago, UBS shares were priced at CHF 12.30. An investment of CHF 100 would have yielded 8,130 shares, now valued at CHF 231.54 based on the latest closing price of CHF 28.48, reflecting a 131.54% increase. UBS's current market capitalization stands at CHF 90.73 billion.
Wealthy Italians are increasingly considering returning their assets to Italy, reversing a trend from the 1980s and 1990s when many moved their wealth to Switzerland. This shift is driven by a decline in Switzerland's financial reputation, highlighted by scandals involving major institutions. Currently, Italian family wealth linked to businesses in Switzerland is estimated at around 80 billion euros.
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Swiss Inquiry to Uncover Failures Behind Credit Suisse Collapse
Credit Suisse Real Estate Fund Siat
CHE
Colm Kelleher
Isabelle Chassot
Axel Lehmann
Thomas Gottstein
Karin Keller-Sutter
Tidjane Thiam
Ulrich Körner
Ueli Maurer
Thomas Jordan
Martin Schlegel
Urs Rohner
Show more
13:16 16.12.2024
venture capital drives stablecoin adoption for global payments and remittances
13:00 16.12.2024
MarketAxess and UBS Bond Port Integrate for Enhanced Order Routing Efficiency
12:30 16.12.2024
marketaxess and ubs bond port enhance trading efficiency with new integration
12:30 16.12.2024
Ripple CTO warns against FOMO ahead of RLUSD stablecoin launch
12:30 16.12.2024
Trump aims to utilize 200 billion dollar fund for Bitcoin reserves
11:50 16.12.2024
crypto market volatility highlights need for advanced tools like plus wallet
11:47 16.12.2024
marketaxess and ubs bond port enhance trading efficiency with seamless integration
11:25 16.12.2024
UBS Investment Yields Over 130 Percent Growth in Five Years
11:13 16.12.2024
Wealthy Italians Reconsider Returning Assets from Switzerland to Italy
10:31 16.12.2024
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