Swiss regulator updates its enforcement and communication policies 30/10/2014 The Swiss Financial Market Supervisory Authority (FINMA) has stepped up its fight against market abuse and insider trading in the latest update of its enforcement policy. It has at the same time issued a new policy on communication to redefine the parameters for FINMA’s public communication, most notably with regards to regulatory matters, which will now only be handled via FINMA ordinances and circulars.
European Banking Authority launches crackdown on bankers' bonuses 16/10/2014 The European Banking Authority (EBA) yesterday (15/10/2014) published the findings of its investigation into discretionary remuneration practices across the EU banking sector. It showed that competent authorities across the 28 EU Member States have reported that 39 institutions use ‘role-based' or ‘market value' allowances on top of fixed remuneration.
Arbuthnot Latham argues for benefits of EU 07/05/2014 The EU has contributed significantly in making London a global financial centre but it also represents a challenge according to Arbuthnot Latham adviser Ruth Lea.
FINMA makes changes to implement Basel III regime 30/10/2013 The Swiss Financial Regulator FINMA has made changes to four of its circulars in order to implement the Basel III regime, which effectively triples the size of the capital reserves that the world’s banks must hold against losses, in one of the most important reforms to emerge from the financial crisis.