Financial market regulation
The Swiss system of stock exchange and market supervision is based on the principle of self-regulation. FINMA is in charge of the overall supervision of the stock exchanges and markets.
As an independent supervisory authority, FINMA protects clients on financial markets, including creditors, investors and insurance policy holders. In this way, it strengthens confidence in Switzerland as an integral and competitive financial centre that functions well.
In addition to direct supervision by FINMA, the prevention of money-laundering act (GwG) provides for the possibility of indirect supervision by a self-regulatory organisation (SRO) for certain financial intermediaries in the area of prevention of money laundering and the funding of terrorism.
The role of the SRO is to pass regulations that specify how financial intermediaries are to meet the obligations set out by the prevention of money-laundering act, and to monitor these institutions to ensure compliance. The SROs are in turn supervised by FINMA. It is therefore the duty of FINMA to recognise an SRO or to withdraw its recognition, to enact the regulations laid down by an SRO, and to ensure that SROs enforce this legislation.
FINMA may conduct on-site inspections of SROs or enlist a designated statutory auditor to carry out an inspection. Within the framework of its third country evaluation, the Financial Action Task Force on Money Laundering (FATF) concluded that the Swiss self-regulatory system is adequate in the field of combating money laundering and is comparable to the state regulatory system.
WINBRIDGE is not subject to the FINIG
The deposit insurance covers amounts of up to CHF 100,000 and is set out in Swiss banking law. If necessary, it is possible to provide higher levels of deposit insurance according to requirements. WINBRIDGE AG is thus able to ensure the best protection of the invested capital.