Tag: FINMA

  • Swiss FINMA points 950 licences to portfolio managers and trustees

    As at 30 June 2023, the Swiss Monetary Market Supervisory Authority (FINMA) has granted 950 licences to portfolio managers and trustees. It has obtained a complete of 1,749 licence purposes. The 950 licences could also be damaged down as follows: 931 establishments (888 portfolio managers, 43 trustees), of which 8 establishments licensed as each portfolio…

  • FINMA says greater “too large to fail” capital necessities to use to UBS

    The Swiss Monetary Market Supervisory Authority (FINMA) as we speak issued a press release relating to the completion of the acquisition of Credit score Suisse by UBS. The Swiss regulator had already accepted the merger of Credit score Suisse and UBS on 19 March 2023. FINMA says that as we speak’s authorized consummation brings readability…

  • Swiss FINMA concludes proceedings in opposition to crypto platform Dohrnii Basis

    In enforcement proceedings, the Swiss Monetary Market Supervisory Authority FINMA discovered that the Dohrnii Basis and its founder and former managing director had carried out a number of enterprise actions requiring a licence within the crypto sector with out acquiring the related licence from FINMA. The muse is presently being liquidated by the competent chapter…