FINMA publishes consolidated ordinance covering the insolvency proceedings at financial market institutions

The Swiss Financial Market Supervisory Authority FINMA is transferring the FINMA Banking Insolvency Ordinance, FINMA Insurance Bankruptcy Ordinance and FINMA Collective Investment Schemes Bankruptcy Ordinance to a new consolidated FINMA Insolvency Ordinance.  The existing regulations have been revised and adapted where necessary – based on findings from practical experience and…