Media releases 2005

October 27, 2005
Swiss-based Banks and the Oil-for-Food Programme
The SFBC has reviewed the activities of Swiss-based banks in the context of the UN Oil-for-Food Programme and publishes its inquiry report.
> Media release
> SFBC Report
> Media release of the seco
October 14, 2005
Election of a new member to the Swiss Takeover Board
The SFBC has elected Susan Emmenegger as member of the Swiss Takeover Board.
> Media release
October 12, 2005
Prevention of money laundering: banks and securities dealers on track
Banks and securities dealers are adequately implementing the Money Laundering Ordinance. This is the conclusion reached by the SFBC following the evaluation of a comprehensive implementation.
> Media release
> Report
September 30, 2005

SFBC opens a consultation on Basel II implementation
The SFBC opens a consultation among the public and federal offices on the draft ordi-nances and circulars implementing the Basel Committee’s new minimum requirements into Swiss law, which become effective in a staggered way from January 1, 2007.

> Media release
> Explanatory report (in German or French)
> Summary of the explanatory report
> Drafts
August 24, 2005
Eugen Haltiner new Chairman of the SFBC
Today the Federal Council elected Eugen Haltiner as the successor of Kurt Hauri.
> Media release (in German or French)
July 26, 2005
Bank Bankruptcy Ordinance comes into force - new depositor protection scheme prepared
The new Bank Bankruptcy Ordinance of the Swiss Federal Banking Commission (SFBC) is due to enter into force on August 1, 2005. This ordinance gives practical effect to the rules on the compulsory liquidation of banks set out in the Banking Act. The SFBC has also approved the Agreement on Depositor Protection for banks and securities dealers. The agreement, together with an amendment to the Banking Ordinance which has already been prepared, is scheduled to come into force on January 1, 2006.
> Media release
> Bank Bankruptcy Ordinance (in German or French)
July 25, 2005
Sumida partially rejects the recommendation of the Swiss Takeover Board
Sumida Corporation partially rejected the recommendation of the Swiss Takeover Board (TOB) dated July 15, 2005 concerning the public take over offer submitted to the registered shareholders of Saia-Burgess Electronics Holding AG.
> Media release
July 1, 2005
Victory is exempted from the obligation to submit an offer
Victory Industriebeteiligung AG is exempted from the obligation to submit an offer to the shareholders of Unaxis Holding AG.
> Media release
April 28, 2005
Chairman of the SFBC Kurt Hauri to resign end of September
Kurt Hauri, Chairman of the SFBC, will resign from his office as of September 30, 2005
> Media release
March 11, 2005
Pragmatic solution for the Swiss financial centre
The SFBC has issued its first securities trading license to an asset manager of foreign collective investment schemes. This decision is in response to regulations being tightened up outside Switzerland and will not increase the regulatory burden.
> Media release
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