Reed Smith LLP (LexBlog Switzerland)
2 results for Reed Smith LLP (LexBlog Switzerland)
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Switzerland and the United States Agree Privacy Shield Framework
The governments of Switzerland and the United States finalised the Swiss-U.S. Privacy Shield Framework on 11 January. The Framework is similar in many respects to the EU-U.S. Privacy Shield, and replaces the U.S.-Swiss Safe Harbor Framework with immediate effect. Background The new Swiss-U.S. Privacy Shield Framework (Framework) will enable certified companies to carry out data...
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Swiss Government establishing “crypto-bank” as new category of Financial Institution and creating new FinTech company license
On, November 2, 2016, during its weekly meeting, the Swiss Federal Council (the Council), the executive council which serves as the collective executive head of the government of Switzerland, requested an easing of the Swiss regulatory framework for providers of innovative financial technologies (FinTech). The Council stated that it desires forward thinking comprehensive solutions for...