Federal Banking Commission

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The Swiss Federal Banking Commission (SFBC) of Switzerland was one of individual instructions of the Federal independent administrative authority of the Federation which are not incorporated into the central administration, but only administratively to the Federal Department of Finance was assigned. The supervision of the sub-areas of the financial sector subordinate to it was entrusted to the SFBC for independent execution.

On January 1, 2009, the three authorities, the Federal Office for Private Insurance (FOPI), the Federal Banking Commission (SFBC) and the Anti-Money Laundering Control Agency (Kst AMLA) were merged into the Swiss Financial Market Supervisory Authority (FINMA).

Over time, the SFBC developed from a supervisory authority for banking, its main function, into a supervisory authority for large areas of the financial sector. She performed the following tasks independently:

  • Supervision of the banks and securities dealers
  • Supervision of audit companies, insofar as they audit banks, securities dealers or investment funds
  • Supervision of the investment funds
  • Supervision of the Pfandbrief system
  • Supervision of the exchanges and markets
  • Supervision of the disclosure of shareholdings and the public purchase offers at listed companies
  • Money laundering supervision through banks, securities dealers and fund management companies
  • Decisions on bankruptcies and reorganizations of banks and securities dealers: If a bankruptcy petition is filed against a bank or a securities dealer , the court has to transfer the files to the banking commission (Art. 173b DEBA ). If the bank decides to liquidate the bank, the effects according to Art. 197 et seq. DEBA occur. In bankruptcy, in addition to the provisions of the SchKG, those of the BankG and the BKV must also be observed.

In addition to its actual monitoring tasks, the SFBC was also active in other areas that affect the Swiss financial center . It was therefore in constant contact with the Federal Department of Finance and the Swiss National Bank. She also maintained regular contact with a wide variety of associations, including the Swiss Bankers Association, the Swiss Investment Fund Association and the Swiss Chamber of Trustees.

The legal basis was the Stock Exchange Act (BEHG) .

Web links

Individual evidence

  1. ↑ Marc Hunziker, Michel Pellascio: debt collection and consumer rights. Brief presentation. Orell Füssli, Zurich 2008, ISBN 978-3-280-07072-7 , p. 195.