Scaling the Swiss Information Security Act: Its New Amendment and the Implications for Financial Institutions
As previously reported in our blog post on cyber-security obligations for financial services providers in Switzerland, an amendment to the Swiss Information Security Act ("ISA") (Informationssicherheitsgesetz) ("Amendment") to...
DORA the Explorer – Auch Schweizer IKT-Dienstleister auf Entdeckungstour nach Compliance?
Die neue EU-Verordnung 2022/2554, auch bekannt als "Digital Operational Resilience Act" oder "DORA", ist am 17. Januar 2025 in Kraft getreten. Auch wenn die Schweiz nicht zur EU gehört, können Schweizer Informations- und Kommunikationstechnologiedienstleister (IKT-Dienstleister) von den neuen Regeln betroffen sein.
Categories: Banking & Finance, Blog
New FINMA circular on the rules of conduct for financial service providers has come into force
On 1 January 2025, the new FINMA circular 2025/2 on the "Rules of conduct under FinSA/FinSO" entered into force. Although the circular applies only to institutions supervised by FINMA or a supervisory organisation, in practice it...
Categories: Banking & Finance, Blog
New FINMA Guidance on Cyber Risk Supervision Published
On 7 June 2024 FINMA published guidance on its findings from its cyber risk supervision and related topics.
Categories: Banking & Finance, Blog
Senior Manager Regime: An opportunity for the Swiss financial market?
The new responsibility regime as an extension of FINMA's supervisory instruments.
Category: Data & Privacy
Part 8: AI in financial institutions – opportunities and challenges
AI can bring many advantages for financial institutions. Yet it should be remembered that the requirements for its utilization are higher than in non-regulated sectors. In this blog post, we explain what is important and what you...
Categories: Banking & Finance, Data & Privacy
Cyber-Security Obligations for Financial Services Providers in Switzerland
Don't put off until tomorrow what you can prevent today: Cyber-security obligations for financial services providers in Switzerland.
Categories: Banking & Finance, Litigation and Arbitration, Blog
ISDA Master Agreement - Lessons Learned from the 2008 Financial Crisis
What to do in case of counterparty default?
Category: Banking & Finance
New Obligation to Register for Robo-Advisors
The Swiss client advisor registers Regservices and RegFIX have published amended FAQs. There is now a new obligation to register certain natural persons in a client advisor register where a financial service is provided by way of software-based applications.
Opting out forever? High-net-worth retail clients under the FinSA
Overview of the handling of high-net-worth retail clients choosing to opt-out under the FinSA