Swiss Finance Council

The 2024 SFC Annual Conference “Shaping the future of finance through the twin transition” will take place on 31 October. Programme and registration on https://lnkd.in/g7VvMezn

Yesterday the Swiss Finance Council hosted a roundtable on Making Transition Finance a Success to exchange best practices, challenges, and opportunities related to transition finance in Europe and discuss their interactions with the current and upcoming EU policy framework.   Thanks to all participants for the rich discussion and a great line-up of speakers including Judson Berkey from UBS, Barbara Gabor PhD from the European Commission’s Sustainable Finance Unit, Torsten Jäger from the Association of German Banks (BdB) and Matthew Reed from EDF Group.   #transitionfinance #netzero #transitionplans #swissfinancecouncil

The SFC has responded to the European Commission’s targeted consultation on Artificial Intelligence in the financial sector.   Our key considerations are the following: 🔶 AI is already regulated under existing financial services legislation, which largely addresses and mitigates the key risks which might be caused or increased by the use of AI. 🔶 An ongoing dialogue between policy makers, industry stakeholders and technology partners is needed to keep pace with technological advancements, and assess whether additional guidance under the EU AI Act may be needed for specific AI use cases in time. 🔶 International alignment of the regulatory framework and supervisory approach to the use of AI in financial services is key.   Check out our full response here (https://lnkd.in/eZKTxzSc)! #AI

The Swiss Finance Council has published its initial views on the targeted consultation on the effectiveness of the macroprudential framework for the NBFI sector. We believe that the EU fund sector is already highly regulated, and as whole is not systemically important. Existing micro- and macro-prudential tools can be used to manage risks. It is appropriate to assess the systemic risks that may arise from other less and non-regulated NBFI sectors. Better use can be made of existing supervisory data, with a role for ESMA to support greater sharing of supervisory data between national authorities. #NBFI

We're #hiring a new Policy Advisor Financial Services Regulation in Brussels, Brussels Region. Apply today or share this post with your network.

We're #hiring a new Head of Policy & Advocacy in Brussels, Brussels Region. Apply today or share this post with your network.

🌏🇪🇺🇨🇭We are hiring and looking to fill two positions at the SFC! Looking forward to receiving your applications and do not hesitate to share further!

The SFC is hiring a new Head of Policy & Advocacy and a Policy Advisor. Have a look at our vacancies on our website https://lnkd.in/dnQCcQKA

The SFC published its recommendations for the next EU legislative cycle that would allow Swiss firms to channel capital and expertise towards EU policy objectives. Our key recommendations include: 🔶 Grow the investor base for EU capital market products by allowing sophisticated investors, including entrepreneurs and high-net-worth individuals, to invest more easily in EU funds and projects.  🔶 Allow third country jurisdictions and firms to contribute directly to the CMU including through an institution-based approach that could offer a single point of entry for third country firms to provide cross-border financial services. 🔶 Revitalise the EU securitisation market, allowing banks to transfer some risk to investors, release capital, reduce dependence on deposit-funding and unlock additional lending.  🔶 Improving the existing sustainability framework by focusing sustainability reporting on clearly valuable information.  🔶 Unlocking climate transition finance opportunities via a pragmatic, investor oriented framework that optimises the design of existing tools. #CMU #Sustainablefinance #EU2029

👏It has been a real pleasure to host yesterday's panel discussion "Accelerated settlement across Europe – An EU, UK and Swiss perspective", organised in partnership with UK Finance and the Swiss Finance Council. Special thanks to Ayesha Ghafoor (UK Finance) for brilliantly moderating the discussion and to Andrew Douglas (UK T+1 Taskforce Technical Group), Susan Yavari (EFAMA) and Elisa Menardo (UBS) for sharing their perspectives.