Tag: swiss financial regulation

April 07, 2016 BY Maria Nikolova

Swiss FINMA conducts 794 investigations, imposes 14 industry bans in 2015

The Swiss Financial Market Supervisory Authority (FINMA) has just published its Enforcement Report for 2015, with the data showing that the regulator focused on unauthorized financial services providers last year. Of all the 794 investigations started by FINMA in 2015, more than 500, or the majority, targeted unlicensed financial service providers. This marks an increase…

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March 17, 2016 BY Maria Nikolova

FINMA facilitates online identification for fin intermediaries' clients, backs addition of new licenses

The Swiss Financial Market Supervisory Authority (FINMA) today highlighted its efforts to go hand in hand with financial innovation by making two announcements: one concerns the new rules for onboarding clients by financial intermediaries; the other concerns the licensing of financial innovation companies. Digital client identification now possible A growing number of financial intermediaries interact…

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October 30, 2014 BY Andrew Saks-McLeod

Switzerland's regulator overhauls enforcement policy, takes new view toward communication

The Swiss Financial Market Supervisory Authority FINMA has updated its policy on enforcement, while also issuing a new policy on communication. Whereas the enforcement policy indicates when FINMA takes enforcement action to investigate breaches of supervisory law, the policy on communication sets out the criteria under which FINMA informs the public about its supervisory activity.…

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