CapLaw-2012-3

  • FINMA Opens Consultation on Banking Insolvency

    On 16 January 2012 the Swiss Financial Market Supervisory Authority FINMA has opened the consultation on the global revision of the Banking Insolvency Ordinance FINMA (BIO-FINMA). The revision becomes necessary due to the following amendments to the Banking Act: On 1 September 2011, important new provisions on bankruptcy and restructuring laws provided in the Banking…

    By

    Petra Ginter

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  • FINMA Decision in the Matter of KPT

    In January 2012 FINMA announced that it sanctioned a Swiss insurance company and its directors for their improper behaviour relating to an employee participation program in connection with a contemplated merger with another Swiss health insurance carrier. This article discusses the cause for this decision and its legal foundations.

    By

    Stefan Breitenstein

    Reference:
    Read more: FINMA Decision in the Matter of KPT