06 December 2018
Federal Council publishes implementing provisions for the new FinTech licence
On 30 November 2018, the Federal Council published the amended Banking Ordinance with the long-awaited implementing provisions for the new FinTech licence. The rules for this new licence will come into force on 1 January 2019.Read more
19 July 2017
The new FinTech-License
Invitation by FINMA to interested parties
Are we on the brink of a digital revolution in the financial world? Terms like FinTech, InsurTech and RegTech are heard more and more frequently. Also the Federal Council and the parliament have dealt with FinTech. One important element of the new regulation is the FinTech-License. But what is it all about? Will the Swiss financial center be strengthened as a FinTech location?
27 April 2017
Why does my bank's name now include "Switzerland"?
The two Swiss major banks have changed their legal structure. Towards the end of 2016, Credit Suisse launched its new subsidiary Credit Suisse (Schweiz) AG, which comprises the universal bank's business for Swiss customers. UBS already spun off the areas retail & corporate and wealth management booked in Switzerland into UBS Switzerland AG in June 2015. What is the background of these structural changes? And what do they mean for the two major banks' customers?Read more