Banking and Finance Law
Swiss Federal Act on Banks and Saving Banks: In order to protect creditors and the stability of the financial system, banks and securities brokers must have adequate capital resources in line with their business activities and risks and must limit their financial exposures appropriately. The Ordinance applies to banks and intermediaries.
Banking and finance legal disputes usually are about specific loans, contracts, transactions or financial products. Therefore, highly qualified English speaking banking and finance lawyers with recognized and credible backgrounds should be contacted in the first place.
Lawyers in this challenging field are constantly seeking new insights based on the ever-changing provisions of certain federal laws, convention on money laundering, anti-fraud agreements and numerous state treaties designed to curb illicit financial activities.
For instance – Mutual legal assistance in criminal matters
– Federal Law on International Mutual Assistance in Criminal Cases (IMAC)
– Ordinance on International Mutual Assistance in Criminal Cases (IRSV)
– European Convention on Mutual Assistance in Criminal Cases
– Convention on Money Laundering, Search, Seizure and Confiscation of proceeds derived from criminal activities
– Schengen Association Agreement and Schengen Implementing Convention
– Anti-fraud agreement
– State Treaty Switzerland – United States on Mutual Legal Assistance in Criminal Cases
Lawyers must demonstrate academic rigor while leading practice at an international level. They have the obligation to analyze complex tasks, identify possible solutions and implement them successfully.
They are expected to deepen their knowledge of the financial market and service providers. Above all, they are tasked with conducting complex analyses on corporate financial compliance and secure adherence to laws.
Swiss Banking Secrecy
Switzerland is known worldwide for its banks and its “banking secrecy”, which was only officially introduced on March 1, 1935. Banking secrecy is not only based on criminal law, but also on private and supervisory law. Data protection law is also relevant. As a rule, every bank customer is entitled to banking secrecy, regardless of whether the customer is a natural person or a legal entity.
Banks, private bankers and savings banks are subject to the Banking Act. It regulates, among other things, the authorization to conduct business and contains regulations on business activities.
In order to protect creditors and the stability of the financial system, banks and securities brokers must have adequate capital resources in line with their business activities and risks and must limit their financial exposures appropriately. The Ordinance applies to banks and intermediaries.
