Banking

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.

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?
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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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Enterprise Risk Management: time to shift gear

Chief Risk Officers of (re)insurance companies are presented with a long awaited opportunity to reposition the profile of their function and create value for customers, shareholders and the public at large but their departments need to evolve rapidly to cope with the challenges this entails.
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AEoI’s impact on collective investment schemes and asset managers

If you’re involved in collective investment schemes, you must carefully assess whether you have to fulfil any AEoI obligations. If an entity qualifies as reporting financial institution, it’s important to carry out reporting but also due diligence procedures to identify all reportable persons.
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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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