SFBC – Strategies for financial market enforcement and international activities
This year, the SFBC reviewed both its strategy for implementing supervisory law ("financial market enforcement") and its international activities, carrying out a partial realignment and summarising these in brief.
The SFBC views financial market enforcement as a contribution to the integrity of the markets. It endeavours to maintain a due sense of proportion but to act in a swift and focussed manner, and to conduct proceedings in a way that is fair and transparent to the parties involved at all times. It is also systematically and increasingly commissioning third parties to investigate the facts of a case. Within the SFBC, the functions of staff engaged in supervision and those in enforcement are largely separated. Communication regarding the SFBC’s proceedings is a particular challenge.
The goal of the SFBC’s international activities is to preserve and enhance the credibility of its supervision and, in so doing, to protect and improve the conditions under which the Swiss financial market and its participants operate. Accordingly, these activities have to be effectively coordinated with the groundwork being carried out by the SFBC. International developments and the relationships between them must be monitored constantly, and reassessed periodically. The SFBC consistently maintains bilateral relationships at both the strategic and the operational level, and plays an active role in international forums, where it argues the case for practicable international standards that reflect the needs of the market. All of this requires that clear priorities be set.