US EditionIn the Shadow of Lex UBS: Finma's Authority to Impose Fines?
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In the Shadow of Lex UBS: Finma's Authority to Impose Fines?
On Friday, the Federal Council presented the key points of its legislative plans for banking regulation. An old acquaintance also makes a reappearance: Finma's authority to impose fines. When Finance Minister Karin Keller-Sutter presented the Federal Council and authorities' ideas for adapting banking regulation to the media, almost all eyes were on the issue of capital adequacy, which is central to UBS. One of the 28 measures received little at…
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