Swiss FINMA issues 950 licences to portfolio managers and trustees
As at 30 June 2023, the Swiss Financial Market Supervisory Authority FINMA has granted 950 licences to portfolio managers and trustees.
FINMA
FINMA says higher “too big to fail” capital requirements to apply to UBS
Credit Suisse, FINMA, too big to fail, UBS, UBS buys Credit Suisse
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The higher “too big to fail” capital requirements due to the progressive component will fully apply to UBS after an appropriate transitional period.
Swiss FINMA concludes proceedings against crypto platform Dohrnii Foundation
DHN token, Dohrnii Foundation, featured, FINMA
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FINMA has concluded enforcement proceedings opened in May 2022 against the Dohrnii Foundation and its founder and former managing director.
Swiss regulator publishes annual assessment of systemically important institutions for 2022
Credit Suisse, featured, FINMA, UBS
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The Resolution report does not take account of subsequent events, in particular the merger of UBS and Credit Suisse.
FINMA provides info about write-down of Credit Suisse AT1 capital instruments
AT1, Credit Suisse, featured, FINMA, UBS
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The Swiss FINMA explains the basis for the complete write-down of the nominal value of AT1 capital instruments issued by Credit Suisse.
SNB, FINMA claim no direct contagion risk for Swiss institutions because of US bank turmoil
Credit Suisse, featured, FINMA, SNB
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The SNB and FINMA are pointing out that there are no indications of a direct risk of contagion for Swiss institutions.
Swiss regulator concludes “Greensill” proceedings against Credit Suisse
Credit Suisse, featured, FINMA, Greensill
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FINMA has concluded its enforcement proceedings against Credit Suisse in connection with its business relationship with financier Lex Greensill.
Swiss FINMA grants 670 licences for portfolio managers and trustees in 2022
FINMA, FINMA license, Swiss FINMA
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As at 31 December 2022, FINMA had granted licences to 670 institutions, including 642 portfolio managers and 22 trustees.
Swiss FINMA reiterates its stance on threshold for virtual currency transactions
AML, cryptocurrency regulation, featured, FINMA
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FINMA stands by the rule that technical measures are needed to prevent the breach if threshold of CHF 1000 for linked transactions within 30 days.
Swiss FINMA reminds portfolio managers about licensing deadlines
featured, FINMA, Swiss FINMA
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The Swiss Financial Market Supervisory Authority (FINMA) is setting out the milestones for obtaining a licence as a portfolio manager.
