European Union, Switzerland - July 23 2018
On 13 January 2018, the Payment Services Directive II (PSD2) entered into force. PSD2 is aimed at opening up the payment markets to innovate new…
Lea Hungerbühler, Wendy Pronk
Switzerland - July 4 2018
On 21 June 2018, the Swiss Federal Department of Finance initiated a consultation regarding a newly created FinTech license which will enable…
Switzerland - June 15 2018
On 15 June 2018, Swiss parliament passed the new Swiss Financial Services Act (FIDLEG) and the Swiss Financial Institutions Act (FINIG) after more…
Lea Hungerbühler
Switzerland - December 18 2017
The Swiss Financial Market Supervisory Authority (FINMA) recently issued a partial revision of Circular 2008/3, "Public deposits with non-banks". The…
Switzerland - December 8 2017
On 5 December 2017, FINMA published the overhauled Outsourcing Circular 2018/3 “Outsourcing - Banks and Insurances” (Circular) which will replace the…