Banken

EBA Outsourcing Guidelines: Swiss banks also affected

The revised FINMA circular 2018/3 “Outsourcing - Banks” has now been in effect for nearly a year. Experience has shown that institutions are having a hard time particularly with the risk-oriented monitoring of their outsourcing providers (including any sub-contractors these may have hired).

Outsourcing bei Versicherungen und Banken im Zeitalter der Digitalisierung

Am 5. Dezember 2017 hat die FINMA das prinzipienbasierte Rundschreiben 2018/3 «Outsourcing – Banken und Versicherer» veröffentlicht. Die Verantwortung der Umsetzung liegt nun bei den Instituten selbst, was faktisch dazu führt, dass sich mit der Zeit ein Marktstandard etablieren muss.
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The AEoI now enforced in Switzerland: what’s next?

The Automatic Exchange of Information (AEoI) has been in force in Switzerland since 1 January 2017. This means that Switzerland will start exchanging 2017 data with the EU member states, Australia, Guernsey, Isle of Man, Iceland, Japan, Jersey, Canada, Norway and South Korea for the first time in September 2018. But what does this really mean?
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Senkung der Markteintrittshürden für FinTech-Unternehmen

Die Regierung des Fürstentums Liechtenstein hat am 1. Februar 2017 einen Vernehmlassungsbericht zur Anpassung des Bankgesetzes und des Finanzmarktaufsichtsgesetzes publiziert. Ziel der Vorlage ist es, die Eintrittshürden für innovative FinTech-Unternehmen deutlich zu senken. Die Vernehmlassungsfrist dauert bis am 10. März 2017.
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Tax goes IT

Gone are the days when tax advice was a secret science limited to preparing written submissions and obtaining rulings. Modern tax advisory services increasingly draw on IT, with the use of software solutions gradually becoming the norm. Tax goes IT, so to speak.
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Swiss Federal Supreme Court considers Dutch Group Request as permissible

While the Federal Tax Administration found the Dutch group request to be permissible in fall 2015, the Swiss Federal Administrative Court on the other hand deemed it not permissible. However, upon its deliberations held on 11 September 2016, the Swiss Federal Supreme Court decided that this group request was acceptable after all.
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