All Swiss Financial Market Supervisory Authority articles

  • Credit Suisse
    News Brief

    Fed fines UBS $269M for Credit Suisse’s Archegos failures


    The Federal Reserve Board fined UBS $268.5 million regarding recent acquisition Credit Suisse’s credit risk management failures at collapsed U.S. hedge fund Archegos Capital Management. UBS also settled matters with U.K. and Swiss authorities.

  • EU-AML

    FINMA orders Banca Credinvest to improve AML measures


    The Swiss Financial Market Supervisory Authority found Banca Credinvest “seriously breached” anti-money laundering regulations with regard to dealings with PDVSA in Venezuela.

  • Blog

    Swiss regulator publishes ICO guidelines


    The Swiss Financial Market Supervisory Authority, FINMA, has published guidelines setting out how it intends to apply financial market legislation in handling enquiries from initial coin offering organisers. The guidelines also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its ...

  • Blog

    Swiss regulator sanctions Gazprombank in wake of Panama Papers


    Following revelations from the Panama Papers, Swiss regulators identified serious shortcomings in anti-money laundering processes regarding private clients at Gazprombank Switzerland and, thus, has banned it from accepting new private clients until further notice.