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Read more: Something Old, Something New: The Supervision of Financial Intermediaries under the Draft Federal Act on Financial Institutions
Something Old, Something New: The Supervision of Financial Intermediaries under the Draft Federal Act on Financial Institutions
On 4 November 2015, the Federal Council published a Bill to parliament for a Financial Services Act (FinSA) and a Financial Institutions Act (FinIA). As expected, the FinIA proposes to revise the regulatory architecture for financial institutions. Instead of the current sectorial approach, the FinIA proposes to introduce a regulatory pyramid with a light regulatory…
Reference: CapLaw-2016-7
