Ms Karin Oberlin

Karin Oberlin

Updates

Banking

Federal Council – banking deposit protection scheme and segregation of custody assets
Switzerland | 07 July 2017

The Federal Council recently announced its intention to strengthen the existing deposit protection scheme through a series of different measures. The council also intends to strengthen the regulations on the protection of securities and other assets deposited by clients with a bank or securities dealer by introducing a new obligation to keep those assets segregated from other clients' assets on a sub-custodian level, to the extent that the chain of custody is in Switzerland.