Credit Suisse registers new cat II LME business to meet ‘living will’ commitments

Credit Suisse will deal on the London Metal Exchange via its Credit Suisse International subsidiary from Friday September 11, the exchange said in a notice to members on Monday September 7.

The changes comes as Credit Suisse reorganises its investment banking business to comply with "living will" regulations, which are designed to make instances of financial stress or failure in the banking sector easier to resolve, Metal Bulletin understands. The bank currently deals on the LME via Credit Suisse Securities (Europe) Ltd (CSSEL), a category II member of the exchange but, on September 11, it will transfer...

Published

Mark Burton

September 08, 2015

17:30 GMT

London