The Swiss financial regulator, FINMA, is facing criticism and calls for stronger oversight in the aftermath of the Credit Suisse crisis. The regulator is set to release a comprehensive report on the lessons learned, but there are concerns that the focus will be on FINMA itself rather than on Credit Suisse. Since the forced sale […]
The Swiss arm of the Raiffeisen banking group is set to join the SIX Digital Exchange (SDX), the trading platform and central securities depository (CSD). This move is aimed at further establishing Raiffeisen’s presence in the blockchain sector. SDX, which is licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a trading platform and […]
The Swiss digital exchange, SDX, has announced that Raiffeisen Schweiz, one of the largest banking groups in Switzerland, is joining its trading platform. This move comes as digital assets continue to gain popularity among institutional investors. SDX offers a comprehensive blockchain-based platform for the issuance, trading, settlement, and custody of digital securities.Raiffeisen Schweiz’s decision to […]
Vontobel, a Swiss bank, is facing significant challenges as key employees leave and its performance falters. Patrick Sege, who led the sales team in the asset management division, recently resigned without a known new position, raising concerns about the bank’s products and performance. This comes after another top executive, Daniel Seiler, also left due to […]
The Swiss people’s concerns about immigration, job competition, and aggressive behavior from foreign neighbors have influenced their voting decisions. However, there are supporters of the framework agreement who are often underestimated, including major Swiss corporations, universities, and colleges.The SVP party led by Blocher has posed challenges for the biggest taxpayers in Switzerland. Similarly, in Germany, […]
The Swiss National Bank (SNB) is facing new challenges as it struggles to combat the appreciation of the Swiss franc. Despite successfully taming inflation, SNB President Thomas Jordan now finds himself lacking the necessary ammunition to fight against the currency’s strengthening.In a recent speech titled “Does the Swiss National Bank Need More Capital?” Jordan emphasized […]
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of Swiss francs per day just by being physically present in court. The case, which is still ongoing, is just the […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system enables banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]
