Finance, Risk & Compliance
Regulators demand compliance. Banks need competitive advantage. Our FRC strategies, operational experience and RegTech expertise overcome complexity to deliver both.
SWITZERLAND’S FIDLEG/LSFIN: HOW TO ENSURE SMOOTH IMPLEMENTATION AND MAXIMIZE THE VALUE OF INVESTMENT IN MIFID II COMPLIANCE
On 15 June 2018, the Federal Council (Switzerland) and the Council of States adopted FIDLEG/LSFin and FINIG/LEFin. The acts are expected to come into force on 1 January 2020 and introduce an entirely new framework of rules for Swiss financial intermediaries. The impact on the Swiss banking market players varies dramatically depending on whether they have already implemented MiFID II or not. In either case, it is of utmost importance to work on the new acts now to ensure smooth implementation.
GLOBAL REGULATORY FRAGMENTATION: SHOULD THE INDUSTRY TALK ABOUT STREAMLINING COMPLIANCE ACTIVITIES?
In response to the economic and financial crisis in 2007/2008 and its implications to the global banking system, a barrage of regulations and legislations were levied onto industry participants by regulators across the globe. The industry spent the better part of the past decade implementing multiple regulatory change programmes, many in parallel but most within unrealistically tight timelines.