From the magazine SZW-RSDA 6/2019 | S. 549-558 The following page is 549

Der Kundenschutz und die FINMA – heute und morgen

To effectively protect financial market clients, an integrated approach combining prudential and conduct supervision is most conducive to achieving the desired results. It has already been applied in principles-based Swiss financial market regulation and supervision and is practised in a risk-oriented manner. Besides public financial market law, further aspects such as civil law and criminal law including the possibilities for effective legal protection and law enforcement are also relevant and form an overall system. The reforms of financial market law that have taken place in the last 10 years have strengthened the level of protection; these improvements should be maintained even as memories of the crisis fade. Existing regulatory requirements on business conduct will be widely consolidated across the sector with the introduction of the new Financial Services Act and Financial Institutions Act. The most important new task ascribed to FINMA will be its responsibility for asset…

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