FINMA

A regulation to fight cyber risks?

The revision of the FINMA Operational Risk Circular 2008/21 will bindingly and explicitly include Cyber Risk in the IT operational risks for banks. Beyond the regulatory requirements for banks, which position shall be adopted when facing Cyber Risks?
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Revision of FINMA’s SST Circular

On 31 May 2016, FINMA opened the consultation phase for the new SST circular which closes on 12 July 2016. The new SST circular will replace the current SST circular 2008/44 from 1 January 2017 and is a complete revision. It includes many changes which impact the insurance industry.
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Swiss ORSA – The Insurance Market Reaction

Following the recent issue of a new FINMA circular on ORSA, KPMG Switzerland surveyed leading Swiss insurers to evaluate their response to the new requirements and assess preparedness to comply. Results varied significantly, but one thing is clear: there is still work to be done!
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Flight or Fight? Swiss private banks must come off the fence

Flight or Fight? Private banks are being faced with a tough decision: whether they prefer to adjust their business and operating models to the new realities or to exit the market. For sure, the recent news of a private bank's insolvency is still considered a rather extraordinary event.
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NSFR: Mehr als nur Bilanzinformationen erforderlich

Die NSFR (Net Stable Funding Ration, dt. Quote für strukturelle Liquidität) wurde im Rahmen der neuen Liquiditätsregulierung unter Basel III im Jahre 2010 konzipiert. Banken in der Schweiz werden ab 2018 verpflichtet sein, eine Mindestanforderung an die NSFR von 100% einzuhalten.
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Entwurf zum neuen FINMA Rundschreiben “Offenlegung”

Als Teil eines Anhörungspakets vom 8. Juli 2015 veröffentlichte die FINMA den Entwurf zum neuen FINMA Rundschreiben „Offenlegung“, welches die Details zu der Anforderung eines jährlichen Berichts über die Finanzlage von Versicherungen und Versicherungskonzernen regelt. Was sind die Auswirkungen der neuen Offenlegung?
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