Compliance
Compliance Corner: FINMA

A regular round-up of compliance news, such as fines, permissions, new technology solutions to make tracking risks easier, and other developments.
FINMA
The Swiss financial regulator FINMA has reported that its
operating costs rose slightly in 2019, up SFr4 million ($4.09
million) to SFr123 million from a year before.
The watchdog, which like others worldwide, is now holding
meetings remotely because of the COVID-19 pandemic, said its cost
uptick last year was due to the particularly low costs in 2018
resulting from employee pension benefit adjustments.
The operating costs were covered by income from supervisory fees
and levies. The average number of full-time equivalent positions
at the authority was 465 in 2019. This number has hardly changed
since 2012, FINMA said.