OECD unveils Common Reporting Standard on the Automatic Exchange of Information, providing guidelines on the compilation of information for national tax authorities.
EU Parliament passes legal structure for EU Banking Union, allowing the European Central Bank to directly supervise 120 significant banks of the participating countries.
BCBS adopts the Net Stable Funding Ratio, which will complement the Liquidity Coverage Ratio.
The Financial Stability Board publishes draft capital rules for global systemically relevant banks, intended to result in a minimum standard for total loss-absorbing capacity (TLAC) for the world’s largest banks.
Credit Suisse announces agreement with FHFA to settle litigation claims related to the sale of residential mortgage-backed securities between 2005 and 2007
Credit Suisse announces a comprehensive and final settlement regarding all outstanding US cross-border matters and agrees to pay USD 2.8 billion
Credit Suisse appoints James L. Amine and Timothy P. O'Hara to the Executive Board to jointly lead the Investment Banking division with Gaël de Boissard; Helman Sitohang assumes the role CEO of Asia Pacific
Credit Suisse piloted its cutting-edge digital private banking platform in Asia, with global rollout to begin in the first quarter of 2015.