Implication of the U.S. Cloud Act on Privacy Aspects

In March 2018 the U.S. Congress enacted the U.S. Cloud Act. From an EU-perspective there is significant concern that U.S. authorities might undermine the EU GDPR requirements by compelling U.S. providers to allow access to certain types of data stored outside the U.S.
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The Swiss trust controversy

Use of trusts is widespread in English-speaking countries. Foreign trusts are both in demand and in use in Switzerland as well. Today, the National Council debated whether trusts should be included in the Swiss legal framework.

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).

Five building blocks to mitigating risk with an effective ICS

It’s been nearly nine months since the deadline to implement FINMA’s Circular 2017/1 “Corporate Governance – Banks”. And the odds are that you still have doubts about the effectiveness of the Internal Control System (ICS).

Swiss family businesses focusing on innovation and recruitment

The latest issue of the European Family Business Barometer, a joint annual publication by European Family Businesses and KPMG, reveals a promising development for family businesses in Switzerland: Half of the survey’s respondents felt either positive or very positive about the next twelve months.

Swiss manufacturing and i4.0: The time for experimenting is ending

The fourth industrial revolution has arrived. But Swiss manufacturers are not keeping pace with the speed of transformational change it brings. This represents a real danger to the country’s industrial base.
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