What does FINMA stand for?
Swiss Financial Market Supervisory Authority
The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland.
Who is regulated by FINMA?
FINMA is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, financial institutions, collective investment schemes, and their asset managers and fund management companies. It also regulates insurance intermediaries.
What is FINMA warning list?
FINMA provides information about the potentially damaging behaviour of certain financial market participants by maintaining on its website a warning list, a list of final rulings released in line with Article 34 FINMASA and a list of investigating agents acting for FINMA.
Who is the Swiss financial regulator?
FINMA is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, exchanges, securities dealers, collective investment schemes, and their asset managers and fund management companies. It also regulates distributors and insurance intermediaries.
What is FINMA license?
FINMA authorises and licenses operation of companies in the regulated sectors. Licensing is a preventive control tool with which the legislator defines the required level of quality that FINMA should apply equally to all financial market participants.
Who are the financial regulators in the Philippines?
The financial services industry in the Philippines is supervised by three agencies, namely, the BSP, the Securities and Exchange Commission (SEC) and the Insurance Commission (IC).
What is finma license?
Who regulates banks in Switzerland?
FINMA is an independent regulatory body with authority over Switzerland’s financial institutions, including banks, insurance companies, exchanges, and investment schemes.
Why banks are regulated?
Regulation helps make sure that banks have good management so they don’t make bad investments or are too risky. An example of this is the Senior Managers Regime which makes sure that senior bankers are held accountable for their decisions.
Who regulates the primary market in the Philippines?
The Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is the primary regulatory authority over the capital markets and their participants.
Does Switzerland still have bank secrecy?
Citizens of Switzerland retain the country’s strictest, most expansive, and unalienable banking secrecy protections as it pertains to taxation.