SBB Swiss Railway

28.02.2011 | 16:22:00

HSBC data theft: FINMA completes investigation

Following a comprehensive investigation into the large-scale theft of data from HSBC Private Bank (Suisse) SA, FINMA has reprimanded the bank for deficiencies in its internal organisation and IT controls. FINMA has also called on the bank to see through the measures it has already initiated to comply with the legal requirements. FINMA will ensure that these measures are implemented promptly.

The Swiss Financial Market Supervisory Authority FINMA launched formal administrative proceedings against HSBC Private Bank (Suisse) SA in Geneva in March 2010. The investigation was triggered by the theft of a large volume of client data from the bank, most likely in 2006 and 2007. The investigation focused on the IT organisation in place at the time and examined whether the organisational and technical measures implemented by HSBC since the incident comply with legal requirements.

FINMA has now completed its investigation with a reprimand for the bank. FINMA has concluded that there were deficiencies in the bank's internal organisation and IT controls that resulted in a serious breach of the bank's licensing requirements. FINMA has demanded that HSBC continue to rigorously implement measures to establish the necessary level of IT security. FINMA will ensure that these measures are implemented promptly.

FINMA - Tobias Lux, Media Spokesperson,

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14.04.2011 | 10:12:27

Better access for goods from developing countries

Berne, 30.03.2011 - On 30 March 2011, the Swiss Federal Council (government) adopted a revised ordinance on origin rules for tariff preferences for developing countries. The revised ordinance will pave the way to an enhanced access to the Swiss market for goods from developing countries.

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Hans-Peter Egler, Head Trade Promotion SECO

28.02.2011 | 16:22:00

HSBC data theft: FINMA completes investigation

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FINMA - Tobias Lux, Media Spokesperson,

21.02.2011 | 12:44:40

Forum for Swiss Foreign Trade and Investment.

All businesses wanting to export successfully should take note of an important date: 7 April 2011. On this day, you will be presented with a load of know-how at Osec's Swiss foreign trade forum.

Swiss exporters will explain how they have made it on new markets, and experts from all over the world will give you valuable practical tips en masse. You'll feel the pulse of the Swiss export industry during catchy speeches, exciting panel discussions, in-depth workshops and promising networking breaks. Be part of the action when the Osec Export Awards are presented for the best projects, chosen by a top-class jury. Get up close and personal with the superior export community, and take away as many valuable experiences and contacts from it as you can.