The records must include all details that are required for FINMA to oversee and supervise their activity.
A violation of the recordkeeping obligations can lead to a fine that is capped at CHF 500,000. (FMIA Article 150)
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GRIP Extra: US bank regulators scrap leveraged lending guidance, CFTC greenlights spot crypto products
Our in-brief roundup of notable stories from the last week.
GRIP2 min read
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GRIP Extra: CME suffers 11-hour systems outage, US bank regulators ease key thresholds
Our in-brief roundup of notable stories from the last week.
GRIP2 min read
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GRIP Extra: Exec order targets state AI regulations, EU digital omnibus published
Our in-brief roundup of notable stories from the last week.
GRIP2 min read
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Cross-border legal implications of recent rulings in the Credit Suisse AT1 bond saga
The US and Swiss decisions raise international considerations for investor protection, regulatory power in bank rescues, cross-border jurisdiction, and the hierarchy of claims in bank resolution cases.
Gregory Walsh | Spencer West6 min read
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Swiss finance shrinks as regulators tighten grip on prized sector
Stricter post-Credit Suisse oversight sets nation on different path to US in particular.
The Financial Times3 min read
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Switzerland seeks to balance stablecoin regulation with growth
The country has a strong history of stable and secure traditional banking; now, it wants to take that reputation into new tech and decentralized finance.
Hameed Shuja2 min read
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GRIP Extra: FINMA to appeal Credit Suisse AT1 wipeout ruling, China implements new cross-border personal data regulations
Our in-brief roundup of notable stories from the last week.
GRIP2 min read
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Credit Suisse bondholder wipeout was unlawful, court rules
Watchdog did not have proper basis for decision to write down SFr16.5bn of AT1 debt as part of rescue deal, judges find.
The Financial Times2 min read
