Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Switzerland seeks to be on the same regulatory page as other top financial markets

Monday, April 16, 2012

By Benedicte Gravrand, Opalesque Geneva:

The FT published an article this weekend claiming newly proposed financial regulations coming out of Switzerland would affect hedge fund managers negatively. The proposals were in fact issued in February by FINMA, the Swiss Financial Market Supervisory Authority. They are being looked into by various Swiss government bodies – and would put Switzerland on a similar regulatory page as that of other main financial centres.

In an age where hedge funds expect to be registered, supervised, triple-checked by their potential investors, and even wire-tapped by investigation authorities, this is not such a big deal.

With a view to protect financial clients, FINMA advocated better transparency from banks, insurers and portfolio managers. It wants financial services providers to supply better documentation with more complete description of products, and prospectuses. The supervisor also wants to extend its powers, so that "portfolio managers, for example, should in future be allowed to exercise their wide-ranging powers of decision with regard to the investment of client assets only if they have been authorised by FINMA." Client advisors would also take a compulsory test and follow ongoing training. These measures a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner