Übersetzung für "Banking ordinance" in Deutsch

The bank was formed on 1 April 2004, by the Banking Ordinance 2003 and the Bank of St Helena Ordinance 2003.

The proposed amendments to the Banking Act (BankA) and Banking Ordinance (BankO) aim to regulate fintech and other firms which provide services outside normal banking business according to their risk potential.

During its meeting on 1 February 2017, the Federal Council initiated the consultation on amendments to the Banking Act and Banking Ordinance in the fintech area.

The amendment to the Banking Ordinance (BankO) aims to regulate fintech firms which provide services outside normal banking business according to their risk potential.

The Banking Act forbids generally the acceptance of deposits from the public other than in the form a debenture issue or that it falls under the exemptions foreseen by the Banking Ordinance .

The exception provided for in the Banking Ordinance for the acceptance of funds for settlement purposes will apply explicitly for settlements within 60 days – in accordance with the practice up to now, a period of seven days applies.

Detailed regulations - e.g. on capital, liquidity and risk diversification - are contained in the Ordinance on Banks and Savings Banks (Banking Ordinance) (www.admin.ch, in German and French).

The financial intermediaries that are subject to the Federal Act on Banks and Saving Banks (Banking Ordinance) (www.admin.ch, in German and French) are obliged to report data on their balance sheet, income statement, capital and liquidity to the SNB.

Moreover, paragraphs 26 and 27 were modified following the November 12, 2003 amendments to the Banking Ordinance concerning associations and foundations.

However, those who accept funds via a crowdfunding platform (e.g. borrowers) and fail to comply with the requirements of the Banking Ordinance (BO) must be careful.

For example, the draft proposals for the ordinances on the "Too big to fail" issue (the Banking Ordinance and the Capital Adequacy Ordinance) go too far and in particular go beyond the scope of the recommendations of the "Too big to fail " Committee of Experts (final report of October 2010) and the guidelines on the revised Banking Act (2011 autumn session).

On 5 April, the SNB launches the consultation phase for the partial revision of the National Bank Ordinance.

Individual provisions on the monetary policy powers are contained in the National Bank Ordinance.

The SNB puts the revised National Bank Ordinance into force on 1 July.

The implementing provisions on oversight are set out in the National Bank Ordinance .

Individual provisions on the sovereign instruments are contained in the National Bank Ordinance.

The SNB issues recommendations to CCPs which do not comply with the minimum requirements stipulated in the National Bank Ordinance.

For these latter institutions cross-border operation of e-money schemes is already permitted under the terms of the Second Banking Co-ordination Directive.

The National Bank Ordinance contains provisions governing the implementation of the National Bank Act in the areas of statistics, minimum reserves and oversight.

More specif ically , with a view to the transition to Monetary Union , the issuance of electronic money should be limited to « credit institutions as defined in Article 1 of the First Banking Co-ordination Directive » since Article 19.1 of the Statute of the ESCB , in its current wording , allows the ECB to impose reserve requirements only on these institutions in Stage Three of EMU .

When the Council adopted the Second Banking Co-ordination Directive (89/646/EEC) and the Solvency Ratio Directive (89/647/EEC) it retained the "committee procedure" provided for in Article 2, procedure III, variant (b) of Council Decision 87/373.

The National Bank Ordinance was recently revised aiming at implementing the Principles for Financial Markets Infrastructures (‘PFMIs’) issued by CPSS-IOSCO and achieving equivalence with Regulation (EU) No 648/2012.

The SNB issued however an Explanatory Report on the partial revision of the National Bank Ordinance providing interpretative guidance on the National Bank Ordinance in which it is explained, in particular, that the revised National Bank Ordinance implements the PFMIs and that the National Bank Ordinance should be interpreted taking into account the PFMIs and Titles IV and V of Regulation (EU) No 648/2012.

Moreover, CCPs authorised in Switzerland must adopt statutes, organisation regulations and regulation of competences and certain organisation policies (the organisation regulations and policies), which must provide prescriptive detail regarding the way in which those CCP will meet those standards in accordance with, as explained in the Explanatory Report on the partial revision of the National Bank Ordinance, the PFMIs and Regulation (EU) No 648/2012.

The core principles for CCPs laid down in the Act on Banks and the National Bank Ordinance and the regulations, orders and circulars issued pursuant to them (the ‘primary rules’) set out the high-level standards with which CCPs must comply in order to obtain a license to provide clearing services in Switzerland.

One proposal for a Directive would amend the definition of "credit institution" within the meaning of the First Banking Co-ordination Directive so as to bring electronic money institutions within the general regulatory regime of the First and Second Banking Directives (77/780/EEC and 89/646/EEC).

At the same time , the EMI Council acknowledges that the definition of « credit institution » of the First Banking Co-ordination Directive requires an institution to « receive deposits or other repayable funds from the public and grant credit for its own account » .

Yet , as a transitional provision until the First Banking Co-ordination Directive is amended , the EMI Council would accept that those institutions already issuing electronic money , but which do not fall under the def inition of credit institution in the First Banking Co-ordination Directive , could continue to provide domestic payment services provided they are subject to the regulations as defined in item 4 above , excluding , however , reserve requirements .