After the global financial crisis of 2008, banks have been heavily pressured by governments and regulatory authorities to comply to new financial laws and regulations (Dodd-Frank Act, MiFID2, FIDLEG, ..). The FATCA legislation is active since 2014. The Automatic Exchange of Information (AEoI), building on FATCA, will become reality for Switzerland for most other clients on 01 January 2017! Others, such as MiFID2, are upcoming.
This presentation, held at PMI Switzerland on 01 November 2016, first provide the background of the financial crisis of 2008, then describes some of the regulatory responses that have been brought to it. Then, it dwells into the specificities of Compliance Project Management, the effective implementation of the regulations in banks.