Suchergebnisse für Geldwäscherei

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…

Die (neuen) Pflichten im Execution-only-Geschäft: Zusammenspiel von FIDLEG und OR

As a part of the new financial markets architecture, the Financial Services Act (FinSA) entered into force on 1 January 2020. It introduces unified rules for offering financial services and…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2018 bis ins vierte Quartal 2019

Die «Eidgenössische Finanzmarktaufsicht (FINMA)»¹ wurde auf den 1. Januar 2009 aus der Taufe gehoben² bei widrigen Umständen. Die Grossbank UBS war in Schieflage und einer ihrer ehemaligen Top-Manager Präsident der FINMA. Die neue Behörde war zunächst bloss formell neu, weil sie aus drei Vorgängerbehörden geformt wurde: Eidgenössische Bankenkommission (EBK), Bundesamt für Privatversicherungen …

Betrugsversuche im Zahlungsverkehr im digitalen Zeitalter

Money transfers have always been the target of fraudsters. For decades Swiss banks limited liability in their contracts with clients to intent and gross negligence. The Federal Supreme Court, however, often denied applying this broad liability exclusion. Today, banks usually commit themselves to verify the identification of the client with customary due diligence but also request from the client…

FINMA’s Enforcement in Court

This article presents an empirical and qualitative analy­sis of the judicial review of the Swiss Financial Markets Supervisory Authority’s (FINMA) enforcement of financial market laws by the Federal Administrative Court and the Federal Supreme Court. It is part of a broader research project on global enforcement against financial institutions and their managers and employees. Based on an overview…

Enquêtes internes et secret professionnel de l’avocat

The Federal Court recently rendered two decisions on the issue of the protection of the lawyer’s professional secrecy within the context of internal inquiries. These decisions represent an important step, since there were contradictory opinions in legal writings on the issue of whether lawyers’ participation in internal inquiries should be regarded as a typical activity, and consequently covered…

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…

Das schweizerische Bankprivatrecht 2018 / Le droit bancaire privé suisse 2018

Das Jahr 2018 brachte einen reichen Fundus an Entscheiden im privaten Bankrecht. Etliche davon schreiben Geschichten fort, über die wir bereits in früheren Übersichten berichtet hatten. Dazu gehört die Klage des Drogeriekönigs Müller gegen die Bank J. Safra ­Sarasin im Zusammenhang mit den sogenannten Cum-­Ex-Geschäften (r34), die Fortsetzung der Verantwortlichkeitsklage der Glarner…

Digitalisierung wettbewerbsrechtlicher Verfahren?

Competition Law proceedings regularly last very long and only limitedly take into account new possibilities for the use of information technology. On the other hand, online procedures have already become more widespread in private dispute resolution and RegTech is being promoted as a new instrument for the exchange of information in the financial market sector. Although it is not possible to…