This article introduces the Swiss Financial Market Supervision Administration ~
Swiss Financial Market Supervision Administration, Swiss Financial Markets Supervisory Authority (FINMA.He is an independent organization with an independent legal person, and his headquarters is located in Berne, the capital of Switzerland.
The Swiss Financial Market Supervision and Administration Bureau directly ordered the Swiss Parliament, which is independent of the Federal Central Government and Federal Finance of Switzerland in terms of institutional, functional, and finance.The agency integrates the previous functions of the Federal Private Insurance Management Office (FOPI), the Swiss Federal Banking Commission (SFBC), and the Swiss Anti -Money Laundering Commissioner, and is fully responsible for all financial supervision of Switzerland.
The Swiss Financial Market Supervision and Administration Bureau (Finma) was established on June 22, 2007 in accordance with the FINMASA Act (FINMASA).The Authority integrates the previous functions of the Federal Private Insurance Management Office (FOPI), the Swiss Federal Banking Commission (SFBC), and the Swiss Anti -Money Laundering Commissioner, and is fully responsible for all financial supervision of Switzerland.
Switzerland's supervision of the banking industry and the financial industry has a long history.Before merging into Finma, the Swiss Federal Banking Commission existed earlier in 1934 or even earlier.Switzerland has two top banks in the world: UBS Group (UBS) and Credit Suisse. Therefore, Finma, which has regulatory duties in the banking industry, has an important position in the Swiss economy.FINMA has a special regulatory authority to supervise the two financial institutions.
Its functions include: regulating Swiss banks, insurance companies , stock exchange , securities dealers , and other various financial agencies (including foreign exchange dealers).
The Swiss Financial Market Supervision Administration (Finma ) is also a regulatory agency of Swiss foreign exchange dealers.
Foreign exchange dealers in Switzerland must obtain the qualifications of the banking industry.The Swiss regulatory authorities stipulate the rules.The minimum net capital of Swiss traders shall not be less than $ 9 million. Of the existing Swiss dealers, only a dozen companies meet the requirements.Other Swiss dealers with insufficient strength either reaches the standards; or leave Switzerland to register to the Cyprus or Virgin Island and continue their gold rush career; either return to customer funds, close the door, and exitThe stage of the Swiss foreign exchange retail industry.
The three major foreign exchange dealers in Switzerland are DUKASCOPY, MIG Bank and ACM.
On December 10, 2009, Mig Bank, a foreign exchange broker based on Nashatel, Switzerland, announced that it was supervised by the Swiss Federal Financial Market Supervision (Finma), and was the first bank supervision.With FINMA's banking license, MIG is like a "global" label, which has been recognized worldwide.
Dukascopy received the banking license in June 2010 and was regulated by the Swiss government agency Finma.Another dealer ACM, which is owned by another bank Swissquote, continued to carry out foreign exchange brokerage business in the name of foreign exchange business branch.
