Today's Headline News
 
Business :: Posted 11 Jan 2010 at 12:35
 

New rules from Basel for banks world-wide

New rules from Basel for banks worldwide

Basel, Switzerland (GenevaLunch) - Central bank governors, meeting in Basel Sunday 10 January, “welcome the substantial progress” made by the Basel Committees on Banking Supervision (BCBS), they said in a press release issued Monday. The group has charged the BCBS to come up with details rules, a set of tougher standards for banks, by the end of 2010, in response to the global banking crisis of 2008-2009. The standards would affect banks worldwide.

The new regulations were outlined in a report by the Committee in mid-December 2009.

Read more…

    No Comments    Post Comment  
Business :: Posted 29 Nov 2009 at 21:57
 

Quick Reference guide to the usage of the UBS logo_PressZurich, Switzerland (GenevaLunch) – Chairman Oswald Gruebel of UBS reportedly told a group of business leaders at a private luncheon Friday that if demands on UBS become too tough, the bank would consider locating outside Switzerland. Gruebel is said to have been referring to the possibility that Swiss banking authorities could insist the country’s two big banks, UBS and Credit Suisse, reorganize as holding companies.

The news was reported by Sonntag 29 November. Journalists were not invited to the meeting and UBS has not commented on the report.

Read more…

    No Comments    Post Comment  
Health :: Posted 29 Jun 2009 at 17:47
 

Bern, Switzerland (GenevaLunch) - Switzerland has adapted its laws for travelers crossing the Swiss border to reflect new needs with the A(H1N1) swine flu spreading. The new rules go into effect 1 July.

Read more…

    No Comments    Post Comment