Financial Services

Regulation trends impacting the commodity trading sector

On 19 November 2014, the United States Senate Permanent Sub-Committee on Investigations published a nearly 400-page-long report on Wall Street banks and their involvement in physical commodities trading and storage activities. How do such reports affect regulators?

Ten challenges to a successful future for Swiss private banks

Entitled “The Future of Swiss Private Banking – Turning Regulation into Value”, this latest private banking study conducted by KPMG and the Institute of Management of the University of St. Gallen (HSG) analyzes the major challenges, some even existential in nature, faced by Swiss private banks.

Steuertransparenz bietet neue Chancen

Im Januar 2015 hat der Bundesrat nicht nur die Vernehmlassung zur Umsetzung des AIA in der Schweiz lanciert, sondern auch die Vernehmlassung zum OECD Amtshilfeübereinkommen. Bei den aktuellen Diskussionen scheint die Bedeutung des Amtshilfeübereinkommens noch nicht allseits erkannt worden zu sein.

Tax transparency: Automatic Exchange of Information from 2017 onwards

Switzerland and the EU agreed on 19 March 2015 that the automatic exchange of information will enter into force in 2017. What are the consequences of this agreement?

IFRS 9 Financial Instruments – IT banking platform implementation aspects

The IASB published the final version of IFRS 9 Financial Instruments in July 2014. This article aims to provide an overview of the IT banking platform implementation activities which are required to accomplish an optimal introduction of the IFRS 9 regulation in the banking domain.

Impact of the SNB decision on SST reporting companies

On 23 February, FINMA responded to the current economic environment and required all SST (Swiss Solvency Test) reporting companies to add a chapter to their SST Report on the effect of the SNB decision to remove the euro cap and the lowering of the base rate.