Suchergebnisse für Vertrauen in der Rechtsprechung

Nichtfinanzielle Berichterstattung nach dem Gegenvorschlag zur Konzernverantwortungsinitiative und ihre Bedeutung für den Finanzsektor

The financial market and its players play a key role in the pursuit of a sustainable economic system. If capital flows are specifically directed toward sustainable products and services, financial market participants can make a significant contribution to a resource-efficient economy. A key prerequisite for the regulatory control of the achievement of sustainability goals is the reporting of…

Regulierung von künstlicher Intelligenz für FinTech-Anwendungen

New methods of artificial intelligence represent one of the greatest promises and most prospective developments of digitalisation. Artificial intelligence has already enabled numerous innovative applications in the areas of image recognition, medicine, language and mobility, and it is also increasingly being used in the financial market, on which this article focuses. In addition to great…

Angemessenheits- und Eignungsprüfung nach FIDLEG

On 1 January 2020 the Financial Services Act (FinSA) entered into force. Depending on the service offered the new supervisory law obliges investment advisors and portfolio managers to conduct an appropriateness test or a suitability test. This article evaluates the new regime and compares it with the relevant contractual duties and the provisions of the European supervisory law.

«Open Banking» in der Schweiz – Herausforderungen an den Schnittstellen von Finanzmarkt-, Datenschutz- und Kartellrecht

«Open Banking» challenges traditional financial institutions in Switzerland and around the world. It poses strategic as well as legal compliance challenges. The present study delimits the (sometimes synonymously used) terms «Open Banking» and «API Banking» to the effect that Open Banking presupposes an access to the banking account (XS2A) on the basis of non-discriminatory criteria. It thus…

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…

Daten als Entgelt

The use of personal data as payment means in con­tractual relations is an economic reality that does not contradict the legal framework. In exchange for digital content a data subject may provide personal data to the supplier agreeing to have used them for further data processing. Under Swiss law, such kind of values’ exchange can be qualified as innominate contract that encompasses continuing…

Europareport

Zur Vereinheitlichung der Praxis der nationalen Gerichte in der EU bei der Bemessung von Schäden, die mittelbaren Kunden eines rechtswidrigen Kartells entstanden sein mögen, will die Europäische Kommission eine weitere Hilfestellung leisten. Derzeit veröffentlicht ist der Entwurf der EU-Kommission für «Leitlinien für die nationalen Gerichte zur Schätzung des Teils der auf den mittelbaren Abnehmer…

Global agieren, lokal profitieren – und keine Verantwortung?

The debate about responsible business conduct has gained new momentum in Switzerland due to the responsible business initiative («Konzernverantwortungsinitiative») which triggered the drafting of a counter-­proposal by the National Council in the context of the ongoing revision of the company law. This contribution situates this debate in the relevant international con­text. The analysis’ focus…

Legitimationsprüfung und Risikotransfer bei E-Mail-Zahlungsaufträgen

Fraudulent falsifications of payment orders have been a long-known issue in banking. Pursuant to statutory law banks are obliged to verify the authenticity and integrity of payment orders and, thus, bear the financial risks of undetected falsifications. In practice however, this legal situation is commonly, and permissibly, modi­fied by specific contractual clauses which transfer the financial…

Kundenvertrauen in Banken

Banking’s most important currency is customer trust. Two recent surveys show that customer trust is multifaceted and includes a foundational, an integrity-related, a practical and a strategic dimension. The strategic dimension is the most important, as it relates to the customers’ trust that the bank puts their needs and interests at the center of its activity. This contribution analyzes the…