The Swiss Independent Asset Manager’s Future: Regulation to Cull the Herd?
Report Summary
The Swiss Independent Asset Manager’s Future: Regulation to Cull the Herd?
In seeking to meet global wealth management standards, Swiss regulation will slash the number of IAMs.
London, 9 April 2015 – Switzerland is planning to introduce new rules in 2017 that will reshape the governance of its financial marketplace. The two most relevant acts—the Financial Services Act (FSA) and the Financial Institutions Act (FIA)—will force a massive shake-up of the Swiss IAM sector. The new rules will establish standards and expectations that are likely to significantly shrink the number of firms in the market. What are the weaknesses that these regulations reveal, and how many firms will remain in 2020?
This Impact Note looks at the size and characteristics of this market, the current regulatory regime, the main features of the planned regulatory environment, the multiple areas of weakness (fault lines) that these new rules might expose, and the likely impact this will have on the size of the sector. It is based on primary research and interviews of 50 to 60 professionals in and around the Swiss wealth management sector.
This 27-page Impact Note contains five figures and five tables. Clients of Aite Group’s Wealth Management service can download this report.