Suchergebnisse für GAFI-Standards

DLT-basierte Finanzprodukte

DLT-based financial products are digitally created assets that can be transferred and stored on a Distributed Ledger Technology (DLT) infrastructure. Internationally, such digitally stored «tokens» are mostly referred to as «crypto assets»; however, there is still a lack of recognized, clear and internationally uniform definitions. Parallel to the spread of crypto assets being treated according…

Editorial

Am 23. September 2020 fand die 12. Tagung «Quo Vadis – Finanzplatz Schweiz?» unter der Leitung von Rolf Sethe und Christoph B. Bühler statt.

Crowdinvesting mittels Initial Coin Offering – Regulierungsaufgaben im -Token-Universum

Initial coin offerings (ICOs) are a phenomenon with similar characteristics as the cryptocurrency boom. Projects that typically have no history of producing a product or revenue raise capital by issuing their own tokens to investors. Therefore, the Federal Council adopted in December 2018 a report on the legal framework for blockchain and distributed ledger technology (DLT) in the financial…

Digitalisation dans le domaine bancaire et aperçu des risques juridiques

There is today a strong trend towards digitization in the banking sector in line with the constant development of new technologies. Swiss legislation authorizes online bank account opening processes and can be seen as pretty liberal in terms of reception and recording of banking documentation in electronic form. In this context, Swiss banks may be interested to evaluate the feasibility of, and…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2016 bis ins vierte Quartal 2017

Als Ausgangspunkt der Finanzkrise gilt gemeinhin der 9. August 2007, als die französische Bank BNP Paribas die Rücknahme von Anteilen an Investmentfonds aussetzte, die im US-Subprime Markt engagiert waren.¹ In der Folge profilierten sich die Notenbanken als unabdingbare Stützen des Finanzsystems.² Die Finanzkrise löste eine gigantische Regulierungswelle aus, die bis heute nicht gänzlich…

Stimmrechtsaktien und andere bevorzugte Aktien

There are many ways to grant privileges to specific categories of shareholders and one can distinguish between financial privileges and privileged voting rights in the general assembly of all shareholders. In future, this is to remain unchanged, and accordingly the November 2016 draft of Swiss Law on corporations does not propose any decisive modifications. With regards to the new rules for…

Réflexions critiques sur l’adoption par la Suisse des normes du GAFI en ­matière de transparence des sociétés : du bricolage législatif à l’abolition des actions au porteur ?

As a result of the revised FATF recommendations issued in 2012, Switzerland, under international pressure, had no choice but to enact requirements aiming at creating more transparency with regard to the ownership and control of limited by share companies. In this context, the widespread possibility for Swiss companies to issue bearer shares was particularly at stake. Switzerland inserted these…

Das Finanzmarktstrafrecht der Schweiz – Status quo unter Einbezug der neusten Gesetzesänderungen, des internationalen Einflusses sowie der anstehenden Neuerungen

The incidents that contributed to the financial crisis and as outcome of this the increase of regulatory density, led as expected also to a rise of criminal provisions. As a result the penal situation for the financial market participants is becoming more and more complex. This overview of the financial market criminal law in Switzerland includes most recent legislative amendments, inter alia the…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2015 bis ins vierte Quartal 2016

Die «Too-big-to-fail» (TBTF)-Bestimmungen des Bankengesetzes sind seit dem 1. März 2012 in Kraft. Mit Art. 52 BankG hat der Gesetzgeber sichergestellt, dass kontinuierlich ein waches Auge auf die Regulierung systemrelevanter Institute fällt. Da die beiden Grossbanken im Vergleich zum Schweizer Bruttoinlandprodukt deutlich grösser sind als die zwei grössten Banken in anderen Ländern¹ und…

Know Your Customer : Quo Vadis ?

Know your client (KYC) is now an essential due diligence requirement for all banking business. The concept only appeared relatively recently in legislation, however, in conjunction with increased efforts to combat organised crime and money laundering. For around 40 years, the scope and content of know your client has continued to expand, sometimes in stark contrast to other standards. This article…