Switzerland: Detailed Assessment of Implementation-IOSCO Objectives and Principles of Securities Regulation

September 3, 2014

Preview Citation

Format: Chicago

Switzerland: Detailed Assessment of Implementation-IOSCO Objectives and Principles of Securities Regulation, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This Detailed Assessment of Implementation on the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation discusses that Switzerland has made progress in addressing the recommendations from the IOSCO assessment of the 2001–2002 Financial Sector Assessment Program. In supervision, the Swiss Financial Market Supervisory Authority (FINMA) has further developed the risk-based supervisory system that it uses to determine the supervisory approach for each supervised entity. FINMA’s enforcement powers have recently been enhanced through the introduction of specific prohibitions on insider trading and market manipulation in the Federal Act on Stock Exchanges and Securities Trading. The Swiss authorities will face a significant challenge in coping with the upcoming securities regulatory overhaul. The planned framework will impact on practically all the areas of FINMA, as it is likely to require the assumption of new tasks in relation to the regulation and supervision of the issuance of unlisted securities, financial market infrastructures, independent asset managers, and conduct of business of banks and securities dealers.

Subject: Asset and liability management, Asset management, Auditing, Banking, Financial institutions, Financial markets, Legal support in revenue administration, Public financial management (PFM), Revenue administration, Securities, Stock markets

Keywords: Asset management, Audit firm, Auditing, Beneficial owner, Board of directors, CR, Financial market, Fund management company, Global, ISCR, Legal support in revenue administration, Securities, Securities dealer, Stock markets

Publication Details

Pages:

173
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/266
Stock No:

1CHEEA2014006
ISBN:

9781484394359
ISSN:

1934-7685

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