Swiss FINMA grants 670 licences for portfolio managers and trustees in 2022
As at 31 December 2022, FINMA had granted licences to 670 institutions, including 642 portfolio managers and 22 trustees.
As at 31 December 2022, FINMA had granted licences to 670 institutions, including 642 portfolio managers and 22 trustees.
The Swiss FINMA provides a first insight into the measures that have been taken against portfolio managers and trustees.
The Swiss Financial Market Supervisory Authority (FINMA) is setting out the milestones for obtaining a licence as a portfolio manager.
Swiss banks have reduced by 90% the number of contracts without robust fallback clauses for the post-LIBOR period, FINMA says.
Swiss FINMA will permit to scan chips embedded in biometric identity documents for identifying persons online.