KPMG Switzerland

About
Annual Review 2012

Learn more about KPMG and get more insights into our developments.

Swiss Code of Conduct

KPMG's Swiss Code of Conduct outlines the ethical principles that define our business activities.
Topics
Tax agreements

All about the tax agreements with Germany, the United Kindgdom and Austria.

Double tax treaties

The interactive map of the world gives an overview of the current situation.
Industries
Insurer

This issue considers amongst other topics the countries of Southeast Asia as a promising growth market.

The Future of Shopping

Outlook for the German and Swiss food retailing. A survey by GDI Gottlieb Duttweiler Institute and KPMG.
Services
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Research
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The new financial reporting act

This publication gives you an overview about the coming changes regarding the new financial reporting act.

Reading and understanding annual reports

The content of an annual report is not easy for every reader to grasp at first glance. Our publication makes it easier for you to read and understand annual reports and explains the key aspects of annual financial statements.
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Details

Service: Financial Services, Regulatory Services
Industry: Banking
Type: Regulatory update
Date: 10/26/2012

Suitability - Challenges for Retail Banking

The EU plans to revise the MiFID to increase requirements for market transparency and investor protection. The protection of investors is also of great importance in the Swiss Financial Market Supervision Act, as according to the FINMA’s market report, there will be a new Code of Conduct for financial service providers, regulations for client information as well as product documentation in this.

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The MiFID and the FINMA market report tackle the protection of investors with the appropriateness and suitability of services and products, taking into account the individual client's experience, financial circumstances, risk disposition and investment goals. Appropriateness and suitability are key topics here. Suitability can best be illustrated with a three pillar model and includes the key terms "cross border", "client suitability" and "product suitability". The duty to implement the suitability requirements also applies to Swiss banks. Due to project experiences with introducing the suitability concept at Swiss banks, our professionals are able to share valuable knowledge with our clients and optimally advise them in regard to the topics in the MiFID and the FINMA market report.

Regulatory Services

Recent economic developments have brought about significant changes, especially in the financial services sector.

The KPMG Compliance Cube

The Cube represents the framework to perform impact assessments of new regulations as well as on a financial institution as a whole.

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