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Keywords: separate supervision, regulatory characteristics, and regulatory issues

Abstract: In the 1990s a trend of the Swiss financial business between the banking and Insurance industries penetrate the bancassurance joint and separate supervision system in order to overcome the existing banks and securities unified defects, Switzerland in 1998 began its comprehensive financial regulatory reform Switzerland's current financial regulatory system What is the characteristics of Switzerland to become an international financial center, the article from the Swiss financial regulatory system, the current situation and problems of analysis and interpretation of the Swiss Reformation, as well as provide a reference for China's financial regulatory system

First, banks and securities unified the separate supervision system

Swiss financial regulatory regime imposed by the Swiss banks and securities by the Swiss Federal Banking Commission (hereinafter referred to as FBC) unify the supervision of the Swiss private insurance industry, the private insurance industry by the Swiss Federal Supervisory Authority (hereinafter referred to as the FOPI) regulatory sub-sector regulatory regime in which FBC implementation of the supervision of the division of responsibilities between the two regulatory systems both regulatory activities in the FBC and authorized external audit firm

In Switzerland, in addition to the main FBC and FOPI (the two institutions to regulate financial markets regulatory responsibilities of the approximately 330 banks and more than 200 insurance companies) also borne by many regulatory agencies

(A) the regulatory institutional framework

A. Federal Banking Commission (FBC) (1) organizational structure FBC composed of 7-11 members elected by the Federal Council to produce the FBC in the administrative part of the Swiss Federal Department of Finance (hereinafter referred to as the FDF) but independent of the Federal Council instructions FBC based on its independent on various parts of the financial sector regulators have absolute authority (2) regulatory activities Swiss banks and securities regulation is the task of banks and securities regulators to take a two-tier regulatory system is based on the FBC as the national supervisory authority and authorized audit company division of labor in the two-tier regulatory system under the FBC commissioned by the authorized audit company to conduct on-site review and reserves the rights to responsible for the overall supervision and enforcement measures FBC only in very rare circumstances to direct the site to confirm the review because of the financial system of the largest banking group in Switzerland FBC needs to play a very important role so personally the implementation of the direct supervision of Switzerland's two biggest banks - Union Bank of Switzerland (UBS) and Credit Suisse (CS) at the same time in order to ensure the vitality of the regulatory system FBC audit firms authorized to carry out quality control and check sometimes FBC will directly monitor the auditing firm audit procedures of the bank or securities dealer (3) operating costs in order to maintain the operation of FBC impose a supervision fee to the institutions under its supervision supervision fee each year how much is based upon an annual expenditure of FBC on the levy supervisory bodies of the activity funds independent of the finan本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。