FINMA pulls the plug on FlowBank as bankruptcy proceedings commence
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
Swiss Financial Market Supervisory Authority
FinTech Futures: Top five stories of the week – 3 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Urban Angehrn steps down as CEO of FINMA
Current deputy CEO Birgit Rutishauser will assume the position of interim CEO from 1 October.
UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
Swiss seek fintech action with laid-back licence offer
Parliament chills out by offering a licence with relaxed requirements.
Fintech alliance round-up: 5 September 2017
What the world needs now is love, sweet love. And fintech is on hand to deliver with a pair of co-operation agreements. Features the Monetary Authority of Singapore and Chongqing; and the Swiss Financial Market Supervisory Authority and Israel. The Monetary Authority of Singapore (MAS), the Chongqing Financial Affairs Office and the Chongqing Connectivity Initiative […]
Singapore and Switzerland strengthen fintech co-operation
The Monetary Authority of Singapore (MAS) and the Swiss Financial Market Supervisory Authority (FINMA) have signed an agreement to foster more fintech co-operation. The plan is to share information, support financial innovators, smooth out regulations, and offer more dialogue and secondments. To provide more evidence, FINMA says it is “consistently removing unnecessary regulatory hurdles” – […]
