The Integrated Supervision of Financial Markets: The Case of Switzerland

Abstract

Sound financial markets are of tremendous importance to the functioning of a national economy. Regulation and supervision are essential not only in order to maintain the financial markets' stability and integrity, but also to protect the interests of depositors, investors, consumers, and insurance policyholders and ensure the proper functioning of business transactions. In order to monitor effectively the current developments of financial markets, it is essential to review and adjust periodically regulation and supervision mechanisms.

Legal Protection of Financial Markets: A Review

“…Transparency regulation creates a new role for control and supports risk regulators. Gugler et al, [14] Control and supervision of financial markets in…”

“…Gugler et al [14] shed light on the system of control and supervision of the financial markets in Switzerland and the weaknesses in the supervisory system in the financial markets through the different legal bases for supervision for each field, as well as the penalties in cases where other laws have not complied with it. The researcher used the descriptive analytical method.…”

“…Moreover, there are areas for improvement in the Swiss supervision system for financial markets due to the different legal foundations for the current supervision. Furthermore, the integrated supervisory authority achieves many advantages by subjecting all institutions to specific rules regarding work and risks and increasing efficiency [14].…”