Suchergebnisse für neue Finanzmarktregulierung

Wirksame Krisenverhinderung? Das UK Senior Managers Regime und der Archegos-Skandal

The Archegos scandal, which resulted in Credit Suisse incurring losses exceeding CHF 5 billion, stands out as one of the most significant of the many scandals linked to the bank in recent years. It shines a light on financial sector misconduct and underscores the need for stronger individual accountability. Many of the weaknesses in the corporate governance system of the bank which lead up to…

Börsenrechtliche Meldepflicht nach Art. 120 FinfraG bei kollektiven Kapitalanlagen

Die Gesellschaft A. (Gesuchstellerin, Beschwerdeführerin 1) mit Sitz in den USA und ihre Tochtergesellschaften sind in der Vermögensverwaltung sowie in der Schaffung und im Vertrieb von kollektiven…

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…

Zivilrechtliche Aspekte von Geschäftsabwicklungen auf DLT-Handelsplattformen

Following FINMA’s definition of the framework conditions for the creation of digital assets (tokens) under financial market law, the DLT Act of September 2020 has now also clarified legal issues relating to the transfer of and trading in such assets. Thanks to the newly created normative order, business transactions on DLT trading platforms can be conducted in a largely legally secure manner…

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…

Wie die Arbeit, so der Lohn – Vergütung in privaten und kotierten Gesellschaften

Rising executive pay is a vital topic for shareholders, proxy advisors, academics and the wider public. It is worth noting that the remuneration of auditors for their audit services has hardly attracted shareholder attention even though falling audit fees may be a reason for weaknesses in corporate control. In this perspective it looks like an anomaly that the remuneration of the party…

Anlegerschutz durch Trennung?

Since the financial crisis, the attention of international standard-setters and supervisory authorities has increasingly turned to the segregation of financial market participants’ assets from those of their customers, with the latter being held either together with those of other indirect participants (omnibus customer account segregation) or separately (individual customer account segregation)…