FINMA

AcronymDefinition
FINMAEidgenössische Finanzmarktaufsicht (German: Swiss Financial Market Supervisory Authority; Switzerland)
References in periodicals archive ?
For this reason, SEBA aims to bring together a Switzerland-based team of global experts focused on obtaining the banking and securities dealer license from FINMA  for developing a new platform. 
As a result, FINMA has accumulated lots of data about ICOs compared to other nations' regulatory agencies.
It said FINMA was investigating various private banks in Switzerland following complaints that these banks were flaunting several Swiss money-laundering laws and illegally profiting from several banking transactions without carrying out adequate background checks.
After an in-depth enquiry, FINMA has given its approval for the launch of this unique new product.
FINMA has ordered Falcon Private Bank to release its illegally generated profits amounting to CHF 2.5 million, and banned the bank from entering into business relationships with foreign politically exposed persons for a period of three years.
FINMA also instructed Switzerland's largest bank to automate at least 95 percent of its global foreign exchange trading and limit bonuses for traders of foreign exchange and precious metals, where it said it had also found evidence of serious misconduct, to 200 percent of their base salary for two years.
“The standards established by FINMA are some of the most stringent for any business that seeks to be under regulatory compliance,” says Penta CEO Farhad Khalilnia.
The bank also said that Swiss financial regulator FINMA had ordered UBS from October 1 temporarily to increase by 50 per cent its capital holdings set aside to deal with unexpected legal and compliance issues, as well as other operational risks.
The report on RTS television late on Sunday said the Financial Market Supervisory Authority (FINMA) faulted the way HSBC Private Bank, Union Bancaire Privee (UBP) and EFG Bank handled money of confidants of Ben Ali, who fled in 2011 after popular protests ended his 23-year rule.
The Financial Services Authority, the US Department of Justice, the US Commodity Futures Trading Commission and Finma, UBS's main Swiss supervisor, are understood to be the authorities drawing up the settlement with the bank.
The Financial Services Authority (FSA), US Department of Justice, US Commodity Futures Trading Commission and Finma, UBS's main Swiss supervisor, are understood to be the authorities drawing up the settlement with the bank.