Newsletters
February 2017
On 1 February 2017, the Swiss Federal Council issued for consultation proposed amendments to the Banking Act ("BA") and the Banking Ordinance ("BO") aimed at facilitating the emergence of innovative business models based on financial technology ("FinTech"). The proposed risk-based and technology-neutral amendments are designed to lower market entry barriers and include a new type of license for FinTech and other companies accepting public deposits.