Register now for FREE limitless entry to Reuters.com
BERLIN, Aug 2 (Reuters) – The Swiss monetary market supervisory authority FINMA is extending the period of its safety measures at Sberbank Switzerland AG to Sept. 1 resulting from heightened worldwide sanctions, it mentioned on Tuesday.
In March, FINMA had introduced it was taking measures to guard the financial institution’s collectors, together with wide-ranging ban on funds and transactions. The measures have been partially lifted for a short while in July to permit the financial institution to settle claims of non-sanctioned collectors however at the moment are again to being prolonged.
“The investigating agent appointed by FINMA will proceed to carry out their duties,” mentioned the authority in a press release.
Register now for FREE limitless entry to Reuters.com
Writing by Miranda Murray; Enhancing by Kim Coghill
Our Requirements: The Thomson Reuters Belief Ideas.