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Latest Regulation news and updates from Switzerland. AI-curated articles covering Regulation topics.
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UBS executives have signalled reluctant support for a parliamentary compromise allowing AT1 bonds to count towards some new capital requirements, ahead of a key vote on Switzerland’s banking overhaul.
19 days ago · 1 source
Switzerland
The Swiss government has backed a parliamentary push to regulate unilateral price increases by streaming services such as Netflix. The article should explain the proposed consumer protections, compare Switzerland with measures in neighbouring countries and assess whether regulation would affect subscription contracts.
SWI swissinfo.ch
Finance
The Federal Council has put forth new regulations for public consultation aimed at holding bank executives more accountable and preventing risky bonus incentives, a direct response to the failings identified in the Credit Suisse debacle.
SWI swissinfo.ch
Business
A new regulation permitting the use of the iconic Swiss cross on goods manufactured abroad is facing fierce resistance from SMEs and voters. Surveys show almost 90% believe the cross should be exclusive to domestic producers, fearing the 'Switzerland' brand will be diluted.
SWI swissinfo.ch
Finance
Swiss banking giant UBS has been ordered to pay $145 million in fines by US authorities for repeated and inadequate anti-money laundering controls between 2019 and 2023. The US regulator FinCEN described the bank as a repeat offender.
SWI swissinfo.ch
UBS
Swiss banking giant UBS has been hit with a $145 million fine in the United States for repeated failures in its anti-money laundering controls between 2019 and 2023. US authorities described the bank as a 'repeat offender,' with FinCEN imposing its largest-ever penalty on a broker-dealer.
SWI swissinfo.ch
Health
The Federal Administrative Court has overturned a decision by the Swiss Red Cross, ruling that an osteopathy diploma from Germany is largely equivalent to a Swiss qualification. The court acknowledged a gap in 'primary care provider' training and has ordered a specific compensatory measure to be established, rather than a complete refusal of recognition.
SWI swissinfo.ch
Business
Over a dozen employees at Zurich Insurance Group have been dismissed in connection with enforcement proceedings by the Swiss financial regulator, FINMA. The action follows the discovery that the firm's corporate life insurance unit offered products at prices lower than those agreed with the regulator.
SWI swissinfo.ch
Public Health
An investigation by Solothurn's cantonal authorities has raised public health concerns after finding excessive pesticide residues in a third of vegetable samples from Asian grocery stores. The report has led to a criminal complaint against at least one importer.
Le News
Technology
Switzerland's Competition Commission (Weko) has opened a preliminary investigation into Google after the tech giant removed the 'Choice Screen' feature, which allowed users to select a default search engine when setting up a new Android device.
The Local Switzerland · +1 more
Technology
The Swiss Competition Commission (Weko) is examining Google's practice of setting its search engine as a non-optional default on certain mobile devices in Switzerland, following the removal of the 'Choice Screen' feature.
SWI swissinfo.ch
Business
In a significant setback for the gig economy platform, Switzerland's Federal Administrative Court has ruled that Uber Eats must be registered as a postal services provider, subjecting it to federal regulations beyond simple food delivery.
SWI swissinfo.ch
Technology
Ahead of a global AI summit to be held in Geneva, Communications Minister Albert Rösti has positioned Switzerland as favoring a light-touch approach to regulation, emphasizing innovation and best-practice certification over extensive rules.
SWI swissinfo.ch
Finance
In the wake of the Credit Suisse collapse, Swiss Finance Minister Karin Keller-Sutter is standing firm on the necessity of full capital coverage for UBS's foreign subsidiaries to ensure global financial stability and prevent future crises.
SWI swissinfo.ch
Finance
Despite overall improvements, the Swiss financial regulator FINMA has identified ongoing weaknesses in risk analysis at financial institutions, especially concerning politically exposed persons, complex company structures, and cryptocurrency services.
SWI swissinfo.ch
Finance
A review by the Swiss Financial Market Supervisory Authority (FINMA) has found that despite improvements, Swiss financial institutions still have significant weaknesses in their risk analysis for money laundering, especially concerning politically exposed persons and crypto services.
SWI swissinfo.ch
Public Health
In a striking assessment of public health policies, a new European ranking places Switzerland 36th out of 37 countries for its effectiveness in tobacco control, sparking debate over the nation's regulatory approach to smoking.
Le News
Public Health
The Swiss government aims to curb advertising for unhealthy products to children under 13 through industry self-regulation, as recent data shows a stabilization in childhood obesity rates but persistent social inequalities.
SWI swissinfo.ch · +1 more
Public Health
The Federal Council has opened consultation on a controversial proposal to permit food products containing ingredients that exceed maximum levels for PFAS 'forever chemicals' through a blending process, a measure aimed at supporting farms.
SWI swissinfo.ch
Public Health
The Swiss government is pushing for self-regulation to ban advertising of unhealthy products to children, a move that comes as a new study shows obesity rates are stabilizing but social inequalities remain stark.
SWI swissinfo.ch · +1 more
