Secondary Trading & Settlement Monthly (Feb 2023 Executive Summary)

It’s been a rough go in March where volatility first spiked around the banking sector following the collapses of Silicon Valley Bank and Signature Bank. And just as markets were digesting the broader economic damage, Swiss authorities were forced to step in and cut a deal with UBS to acquire Credit Suisse, one of the 30 GSIBs – Global Systemically Important Banks.


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