Suchergebnisse für market control

Kantonalbanken im Spannungsfeld von Political Governance und Corporate Governance

Like the other banks, the cantonal banks are facing the challenges of increasing regulation, digitalisation and the persistently low interest rate environment, and are exposed to the accompanying competitive and margin pressure. They have to virtually reinvent their business models and themselves in order to secure their positions as future-oriented financial service providers in their regions…

Missmanagement im Bankensektor und die FINMA-Gewährsprüfung

This article addresses the following questions: Can the fitness and propriety audit of bank managers deliver what it promises? How could the fitness and propriety audit be improved within the framework of the existing legal basis or, if necessary, by means of new or adapted regulations? The tension between FINMA’s supervisory procedure on the one hand and criminal proceedings on the other hand…

Eigentümerstrukturen von Schweizer Aktiengesellschaften

The ownership structure of a corporation is in many respects a crucial determinant from a corporate governance perspective. In finance and business economics, a large variety of theoretical and empirical work has focused on corporate ownership structures and their implications. In the legal field, however, the topic has been rather neglected so far. This article provides an empirical study of…

Multitasking in der Missbrauchsaufsicht: Die Kompensationsfunktionen von Artikel 7 Kartellgesetz

Market economies are based on competition. In the absence of competition, prices rise, factor allocation is not optimal and the incentives to increase productivity and to innovate are impaired. In order to avoid these disadvantages, Article 7 Cartel Act complements the control by competition with a special abuse control. The basic function of this rule is thus to compensate for a lack of…

Digital Markets Act – questions choisies

A few enterprises of important size, offering core online platform services, play a major role in the digital economy and, as such, exercise significant control over market access, leading to dependencies of their users and potentially to unfair behaviors. To apprehend and help preventing abuses, the European Commission has issued a new Regulation proposal, the “Digital Markets Act ”, applying to…

Revision des Kartellgesetzes: Braucht die Schweiz neue Schwellenwerte oder einen Systemwechsel im Fusionskontrollrecht?

The Swiss merger control is under review. The draft for a partial revision of the Cartels Act proposes the transition from the Swiss dominance test to the internationally recognized SIEC test. This is to be welcomed. More significant in practice, however, are the disproportionately high thresholds for merger reviews in Switzerland. The following article recommends examining whether, in…

Editorial

As we publish this issue of the Swiss Review of Business and Financial Markets Law, war is raging in Europe. On February 24, 2022, Russia invaded Ukraine. There are no words that do justice to this…

To Infinity and Beyond: U.S. Dollar-Based Jurisdiction in the U.S. Sanctions Context

The power to print the world’s dominant currency gives the United States enormous leverage in pursuing its geopolitical objectives. This is particularly evident in the sanctions context, where the mere “use” of the U.S. financial system will pull parties into U.S. jurisdiction even if they are located outside the United States. This article highlights the recent extensions of jurisdictional…

Le droit bancaire privé suisse 2021 / Das schweizerische Bankprivatrecht 2021

Au moment où nous écrivons ces lignes, la Russie envahit l’Ukraine. L’Union européenne et les États-Unis ont adopté de nouvelles sanctions contre plusieurs centaines de personnalités liées au régime…

Kooperationsformen zwischen Banken und Drittanbietern aus vertrags- und datenschutzrechtlicher Perspektive

Open Banking or Open Finance essentially means the exchange of financial data between different financial service providers including third party providers at the request of the customer. From a civil liability and data protection perspective this paper examines the legal relationships between banks, third party providers, platforms and customers on the basis of four possible «model forms of…