Event Publicly Available Information:
Is there a Successor to Credit Suisse Group AG?
The DC question has been raised in respect of Standard European Corporate, Standard European Financial Corporate and Standard European CoCo Financial Corporate Transaction Types. In respect of the Financial Transaction Types, the DC question relates to both the Senior and Subordinated Level.
The Eligible Market Participant who submitted the DC question provided the following document in support of their question:
Press release by UBS dated 12 June 2023, announcing that UBS had completed its acquisition of Credit Suisse: https://www.ubs.com/global/en/investor-relations/press-releases/overview-news-display-ndp/en-20230612-ubs-credit-suisse-acquisition.html?caasID=CAAS-ActivityStream
| Date | Description | Document |
|---|---|---|
| Closed | The EMEA DC has published SRO Identification Resolutions in respect of UBS Group AG at the Senior and Subordinated Levels. Details of the Potential SROs and the relevant challenge periods are available at https://www.cdsdeterminationscommittees.org/cds/emea-sro-resolutions/ | |
| Ongoing | EMEA DC Meeting Statement 17 July 2023 Note: paragraph 2.2 originally had a typographical error which has been corrected. The determination applies to all Transactions with a Trade Date that occurred on or prior to 17 July 2023. | |
| Ongoing | EMEA DC Meeting Statement - 10 July 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. The EMEA DC agreed to meet again on Tuesday 11 July 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 7 July 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. The EMEA DC agreed to meet again on Monday 10 July 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 5 July 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. The EMEA DC agreed to meet again on Friday 7 July 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 23 June 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. A further update will be provided in due course. | |
| Ongoing | EMEA DC Meeting Statement - 20 June 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. The EMEA DC agreed to meet again on Thursday 22 June 2023 to continue discussions. Note: the call to discuss Credit Suisse Group AG was moved to Friday 23 June 2023. | |
| Ongoing | EMEA DC Meeting Statement - 15 June 2023 The EMEA DC met today to discuss both DC Questions relating to whether there is a Successor to Credit Suisse Group AG and, if so, any related impact on the SRO list. The EMEA DC is continuing to consider these DC Questions. | |
| Ongoing | EMEA DC Meeting Statement - 13 June 2023 The DC met today. The DC commenced discussions relating to the announcement of UBS, the Successor DC Question and any related impact on the SRO list. The DC agreed to meet again to continue discussions in due course. | |
| Request Accepted by DC | Note: Credit Suisse is not part of the Convened DC in respect of this DC Question as it abstained under the DC Rules. | |
| Pending DC Consent |