Tag: Council

  • Swiss Federal Council consults on public liquidity backstop for systemically vital banks

    Switzerland’s Federal Council has opened a session on the introduction of a public liquidity backstop (PLB) for systemically vital banks (SIBs). This draft is meant to concurrently switch into abnormal legislation not solely the framework for a PLB instrument as launched in March 2023 by the Federal Council by way of ordinance, but in addition…

  • European Council adopts new guidelines on markets in crypto-assets

    The European Union has introduced crypto-assets, crypto-assets issuers and crypto-asset service suppliers beneath a regulatory framework. Setting an EU degree authorized framework for this sector for the primary time, the Council at present adopted a regulation on markets in crypto-assets (MiCA). MiCA goals to guard traders by growing transparency and setting up a complete framework…