FINMA

Swiss Authority Says UBS Must Revise Recovery and Emergency Plans
Swiss Authority Says UBS Must Revise Recovery and Emergency Plans
October 15, 2024  |  Bank Regulation

Swiss financial market supervisory authority FINMA will require UBS to revise its recovery and emergency plans due to the bank’s June 2023 takeover of Credit...

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Swiss Regulator Says HSBC Violated Money Laundering Regulations
Swiss Regulator Says HSBC Violated Money Laundering Regulations
June 18, 2024  |  AML

Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. This ruling followed enforcement proceedings opened by...

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Swiss Regulators Want More Protections for Crypto Investors
Swiss Regulators Want More Protections for Crypto Investors
June 22, 2022  |  Regulation

Switzerland’s top market regulator on Wednesday (June 22) pushed for regulators to do more to protect cryptocurrency investors from abuse in the $890 billion market...

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Today in TechREG: UK Government Could Use National Security Law to Keep Arm Listing in London; Google Settles Copyright Dispute With French Regulator
Today in TechREG: UK Government Could Use National Security Law to Keep Arm Listing in...
June 22, 2022  |  Regulation

Today in TechREG, the Bank of England deputy governor compared the crypto crash with the dot-com bubble, saying that some of the crypto companies that...

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EU To Crack Down On Stablecoin Projects
EU To Crack Down On Stablecoin Projects
June 28, 2020  |  Cryptocurrency

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s proposed...

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Swiss Bank Chided For Alleged FIFA, Venezuela Fraud
Swiss Bank Chided For Alleged FIFA, Venezuela Fraud
February 20, 2020  |  Security & Fraud

Swiss bank Julius Baer is being scolded by Switzerland’s financial watchdog for failing to notice money-laundering threats connected to deception in Venezuela and FIFA, the...

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FINMA Head: Libra Safer Than Unregulated Crypto
FINMA Head: Libra Safer Than Unregulated Crypto
October 01, 2019  |  Cryptocurrency

Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. 1). “I am much more nervous...

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For Big Tech, Antitrust Scrutiny Deepens
For Big Tech, Antitrust Scrutiny Deepens
September 16, 2019  |  Regulation

Now the letters fly from the U.S. Congress  — with an eye on documents that show the inner workings of Big Tech. On Friday, the House...

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Libra’s Regulatory Wish List For — And From — The Swiss
Libra’s Regulatory Wish List For — And From — The Swiss
September 11, 2019  |  Cryptocurrency

In Libra-land, the speed bumps, hurdles and possibly even roadblocks continue to spring up. In reference to the regulatory climate, don’t expect it to ease...

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