Switzerland: Financial Sector Assessment Program: Factual Update: IOSCO Objectives and Principles of Securities Regulation
IMF Staff Country Reports, June 13, 2007
Source details
- Canonical URL
- Switzerland: Financial Sector Assessment Program: Factual Update: IOSCO Objectives and Principles of Securities Regulation
Other formats
Bibliographic details
- Published: June 13, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807370.002
Summary
- Paper presents a factual update of the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation for Switzerland.
- Overall, there has been substantial progress in implementing Financial Sector Assessment Program recommendations in various areas of securities regulation.
- Changes have been motivated in part by the need to adapt securities regulations in Switzerland to international developments.
- The project to unify financial supervision under the Federal Authority for Market Oversight is expected to strengthen the budgetary independence, staffing, and enforcement powers of the supervisor.
- Publication date: June 13, 2007.
Key findings and progress
- Substantial progress reported in implementing Financial Sector Assessment Program recommendations across various areas of securities regulation.
- Regulatory changes reflect adaptation to international developments in securities regulation.
- Unification project (Federal Authority for Market Oversight) expected to:
- Strengthen budgetary independence of the supervisor.
- Strengthen staffing of the supervisor.
- Strengthen enforcement powers of the supervisor.
Subjects and keywords
- Subjects: Auditing, External audit, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Hedge funds, Public financial management (PFM), Securities
- Keywords: audit company, Auditing, CR, External audit, Financial Sector Assessment Program, Global, Hedge funds, IOSCO principle, ISCR, jurisdiction of the SFBC, Securities, securities dealer, securities dealers of the SBA, securities intermediary, securities trading, SFBC practice