Suchergebnisse für Informationspflicht

Schutz der Kundenvermögen durch Segregation

Swiss financial market law contains various provisions that serve to protect client assets by means of segregation. With regard to the custody of intermediated securities, a revision entered into force on 1 January 2023: Art. 11a of the Federal Act on Intermediated Securities (FISA) now stipulates an obligation for custodians to hold their own securities and those of their account holders in…

KI Sandboxen für die Schweiz?

A sandbox allows companies to test innovative products, services, and business models in a live market environment. Stemming originally from the FinTech sector, sandboxes have recently gained importance, especially in the context of artificial intelligence, where they are intended to serve to resolve the conflict between data protection and innovation by allowing innovation while ensuring that…

Der «grosse Bruder» DSGVO und das revDSG: Ein vergleichender Überblick

The revised Swiss Data Protection Act is very much influenced by European legislation. In the debate and discussions, the GDPR was and still is in the foreground as the «big brother». However, it is not the GDPR that is the guiding principle in the interpretation of the provisions taken from European law, but the Convention 108+ of the Council of Europe and the Police and Justice Directive of the…

Editorial

Die Digitalisierung verändert immer weitere Be­reiche des täglichen Lebens und der Tätigkeiten von Unternehmen und Behörden. Betroffen sind auch Handlungen, die seit jeher von Menschen ausgeführt…

Automatisierte Entscheidungen: Grundfragen aus der Perspektive des Privatrechts

Data protection law addresses the issue that more and more (complex) decisions are taken automatically. A closer look at the regulatory approaches of the General Data Protection Regulation (GDPR), the Council of Europe’s Convention 108 and the draft Swiss Federal Act on Data Protection (draft FADP) leads to two conclusions. On the one hand, the scope of application of these provisions is too…

Robot Recruiting

«Robot recruiting» refers to the automation of the recruiting process using data driven technologies. More than half of HR managers expect artificial intelligence to become part of their daily routine in just a few years’ time. Hiring algorithms are said to make hiring more consistent and efficient and even have the potential to remove interpersonal bias from the hiring process. But critics argue…

Credit Scoring, AML Software & Risk Profiling: Automatisierte Entscheidungen im Rahmen von Finanzdienstleistungen

Techniques of automated decision making, including profiling are, no doubt, also of interest to financial service providers. This essay describes three such applications (credit scoring, transaction monitoring for AML purposes, risk profiling for investors) and discusses their possible compliance with the requirements under the EU’s General Data Protection Regulation, as well as the proposed new…

Rechtsvergleichende Überlegungen zur Business Judgment Rule

The famous business judgment rule (BJR) that emerged in the US in the early nineteenth century, has been adopted in recent years, in one form or another, by several jurisdictions in Europe. This article provides a comparative analysis of the different models of the BJR and its basic elements and rationales in the US, Germany, Austria, Switzerland and Liechtenstein. The article outlines how the…