FINSA and FINIA: Only few differences remaining

On Tuesday 29 May 2018, the National Council discussed again about the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA). After the resolution of the National Council a few differences remain to the text approved by the Council of State.

How tightened corruption laws affects compliance management systems

With the revision of the Criminal Law on Corruption, the criminal responsibility of companies and their management is gaining in importance.

Switzerland introduces the clearing obligation for certain derivatives for FC+ and NFC+

The Swiss Financial Market Supervisory Authority FINMA has recently announced that it will introduce the clearing obligation, meaning to clear certain derivatives over central counterparties, under the Swiss Financial Market Infrastructure Act (FMIA) that are traded by counterparties having the status of either an FC+, meaning large Financial Counterparty, or an NFC+, meaning a large Non-Financial Counterparty.