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Compliance Risk Management in Switzerland: A Must-Have for Financial Institutions

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Switzerland’s financial market legislation is undergoing a major overhaul to align with European standards. The Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) have been passed by parliament, introducing new regulations that require independent asset managers to establish an effective compliance and risk management function.

Implementing Compliance Risk Management

Implementing these requirements poses significant challenges for independent asset managers, particularly in terms of compliance, risk management, and legal needs. This is where SwissComply comes in – a comprehensive range of services designed to support financial institutions in Switzerland with their compliance and risk management needs.

Benefits of SwissComply

SwissComply offers a personal compliance and risk manager who monitors regulatory guidelines and supports implementation. Our standardized processes ensure effective risk minimization and investor protection, allowing for high-quality asset management throughout the client relationship lifecycle.

With SwissComply, you can rest assured that you are in compliance with regulatory requirements at all times, justifying client confidence and shielding against business risks due to unintentional breaches. You will also gain cost-effective access to established specialists with years of experience in compliance, risk management, and legal matters.

SwissComply’s Range of Services

SwissComply’s comprehensive range of services includes:

  • Compliance and Risk Management: A personal risk and compliance officer who monitors regulatory guidelines and supports implementation.
  • Approvals: Coordination of the approval process for FINMA or SRO, ensuring timely submission of applications.
  • Online ICS (Internal Control System): An efficient, focused, and FinIA-suitable solution that helps companies systematically identify and manage risks.

Outsourcing Compliance Risk Management

By outsourcing compliance and risk management to SwissComply, financial institutions in Switzerland can focus on their core competencies and seize growth opportunities while enjoying a high-quality service, open communication, and long-term partnership.