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Investegate announcements from Q2 2024 Report to Shareholders (Part 1)

Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year's Credit Suisse collapse. The government's 209-page report outlines 22 measures designed to strengthen current regulations for banks known as "too big to fail" (TBTF), after gaps were found in the existing rules following UBS's rescue takeover of its banking rival. The proposals aim to improve corporate governance and supervision, for example, by giving more powers to Swiss financial market regulator FINMA.

Fitch Ratings has affirmed the The Bank of New York Mellon Corporation's Long-Term and Short-Term Issuer Default Ratings at 'AA-' and 'F1+', respectively. In addition, Fitch has affirmed the IDRs...

The TNFD has announced that 320 organisations from over 46 countries have committed to start making recommended nature-related disclosures.

320 companies and financial institutions to start TNFD nature-related corporate reporting DAVOS, SWITZERLAND – 16 January 2024: The Taskforce on Nature-related Financial Disclosures (TNFD) is delighted to announce that 320 organisations from over 46 countries have committed to start making nature-related...