FINMA

FINMA, the new Swiss Financial Market Supervisory Authority, has commenced its operations on 1 January 2009. It is the fruit of an amalgamation of the three pre-existing supervisory authorities and it oversees a wide array of financial institutes, services and pro-ducts, such as banks, securities dealers, insurances, stock exchanges, collective investment schemes, central mortgage bond institutions as well as payment and securities settlement systems. This concise compendium brings clarity to practitioners facing legal questions in their interactions with the new supervisory authority and it further introduces a clear English terminology for the subject matter. Contents This hands-on paperback comprises, amongst others: - A portray of FINMA in its legal environment, an out- line of its operative organization as well as a del- imitation of its supervisory powers; - An in-depth analysis of the new harmonized cata- logue of supervisory instruments; - The official text as well as an English translation of the Federal Act on the FINMA; - A trilingual (English/German/French) Glossary of important terms.