Suchergebnisse für Finanzkontrakt

Negativzinsen bei Darlehen

Am 20. Juli 2006 schlossen die Genfer Gemeinde A. (Darlehensnehmerin) und die L. AG (ursprüngliche Darlehensgeberin) einen mit «Schuldschein» bezeichneten Vertrag, wonach die ursprüngliche…

Derivatgeschäfte: Anwendung der FinfraG-Regulierung auf Schweizer Handels- und Industrieunternehmen

The Swiss rules on the conduct in connection with derivative transactions and trading set out in the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIA) and its implementing ordinances were enacted more than two years ago, subject to applicable phase-in periods. However, when it comes to their applicability to commercial and industrial…

Die regulatorische Antwort auf FinTech: Evolution oder Revolution? Eine Verortung aktueller Entwicklungen

While technological improvements have shaped the financial industry and its regulation for decades, FinTech is the buzzword of the hour. Rapidly developing digital technologies allow new market entrants to disrupt the traditional intermediary-based provision of financial services (I.). These new businesses – in particular those that operate payment systems or engage in crowdfunding – may clash…

Editorial | Éditorial

Am 25. August 2016 fand die achte Tagung «Quo Vadis – Finanzplatz Schweiz?» statt, diesmal zum Brennpunktthema «Risiko, Risikoorientierung und Risikomanagement». Der Finanzmarkt ist schon seit…

Finanzinnovationen und Risikotransfer auf Kapitalmärkten: Grundsätzliches und Aktuelles

Since centuries capital markets play a key role in the allocation of risk. They improve the possibilities for individuals as well as institutions to diversify or transfer part of their risks more efficiently. Over the years, many innovations – in terms of contracts, processes or institutions – have contributed to improve this process by widening the range of risks covered by financial contracts…

Financial Benchmarks: Bedeutung, Problematik und regulatorische Ansätze

Financial benchmarks have become important reference points in the global financial market guiding worldwide obligations in financial contracts in the amount of hundreds of billions of US-Dollars. Since July 2012, after the attempted manipulation of Libor became known, the issues of credibility and representativeness of such widely used financial benchmarks are in the spotlight of the global…

Financial Benchmarks – Bedeutung und internationale ­Regulierungsbestrebungen

The manipulation scandals surrounding the key interest rate LIBOR and benchmarks used in foreign exchange trading have rendered financial benchmarks a regulatory phenomenon. While they all serve a similar purpose, i.e. to provide a reference in a wide range of financial transactions, financial benchmarks vary significantly in their importance, data basis, underlying market and determination…

Ergänzung des ISDA-Rahmenvertrages um ein Protokoll zur Vermeidung möglicher Destabilisierungen des Finanzsystems

The ISDA Master Agreement is the global standard for over-the-counter derivatives. Notably, it provides for an early termination which may be triggered when resolution authorities take actions for the purpose of stabilizing or restructuring a failing institution. The early termination of such agreements could compromise or prevent a successful and orderly resolution of the failing institution. In…