Suchergebnisse für Reporting

Editorial

Late in the spring (sometimes very late), the second issue of this journal brings its readers a bouquet of highlights on the laws and regulation of banking and finance. This issue reflects some trends…

Vertrauen, Kredit und Kreditsicherheiten

The relationship between creditor and debtor has often been described as a quintessential relationship based on trust, as evidenced by etymological origin of the term credit. Credit relationships are indeed shaped by the risk of opportunistic behavior of the debtor and principal agent problems. Limiting these risks by providing adequate incentives for cooperative behavior is a key objective in…

Praxis der Aufsichtskommission zur Sorgfaltspflicht der Banken für die Jahre 2011 bis 2016

Die Vereinbarung über die Standesregeln zur Sorgfaltspflicht der Banken (VSB) zwischen der Schweizerischen Bankiervereinigung («SBVg») einerseits und den unterzeichnenden Banken («Banken») andererseits ist ein multilateraler Vertrag, in dessen Rahmen sich in der Schweiz niedergelassene Banken gegenüber der SBVg verpflichten, die in den Standesregeln definierten Sorgfaltspflichten bei der…

Contracts on Digital Content in Europe: Balancing between ­Author-Protective Copyright Policies and Consumer Policies

The online distribution of digital content is generally based on a chain of contractual relationships that can frequently consist of an upstream relationship between an author and a supplier, and a downstream relationship between the supplier and the consumer. Protected digital content transactions are thus potentially subject to two distinct sets of rules, i.e. copyright and consumer protection…

Conformité fiscale : obligations et responsabilité du client envers la banque

The responsibility of Swiss banks and other financial intermediaries in respect of their clients’ and client ­assets’ tax status have undergone a paradigmatic change. Banks need to manage their tax and criminal risks ­related to their clients. FATCA, the OECD’s Common Reporting Standard (CRS), and the implementing Swiss legislation impose strict duties on banks (and ­almost none on their clients)…

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…