Banking

The need for transformational change at Swiss banks

How do banks face profound industry changes driven by rapidly evolving customer expectations, emerging technology and new digital challengers? The large Swiss banks continue to dominate the market, with digital challenger banks slowly making inroads.How quickly do traditional banks need to move?
3

Leitfaden für sicheres Cloud Banking

Am 26. März 2019 hat die Schweizerische Bankiervereinigung zusammen mit Mitgliedsinstituten, Prüfungsgesellschaften und Providern einen Leitfaden für Cloud Banking publiziert. Wozu dient der Leitfaden?
1

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).
1 2

Are you up to speed with the FX Global Code?

Many of Switzerland’s banks haven’t yet adopted the FX Gobal Code. But the tide is changing. Some regulators such as the Swiss National Bank recently signed a Statement of Commitment to the FX Global Code and announced its expectation that its counterparties do the same.
1

Dynamic risks on the rise: the CRO’s role in creating impact

As changes in regulation, technology and customer expectations accelerate, Swiss financial institutions are confronted with a highly complex risk landscape. To what extent does your organization still rely on backward-looking methods that frame risks as static, isolated objects?
3

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.
9