Drucken
Artikel, Notizen und Markierungen werden geladen... Bitte um etwas Geduld.

Ordinance
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Ordinance, FinMIO)

Art. 21 Measures to improve resolvability

(Art. 24 para. 1 Fin­MIA)

The meas­ures to im­prove the fin­an­cial mar­ket struc­ture's resolv­ab­il­ity can en­com­pass in par­tic­u­lar:

a.
struc­tur­al im­prove­ments and un­bund­ling by means of:
1.
amend­ments to the leg­al struc­ture to cre­ate busi­ness-aligned leg­al en­tit­ies,
2.
the cre­ation of leg­ally in­de­pend­ent ser­vice units,
3.
the elim­in­a­tion or min­im­isa­tion of de facto com­puls­ory gov­ern­ment sup­port, par­tic­u­larly by cre­at­ing an in­de­pend­ent man­age­ment struc­ture,
4.
the re­duc­tion of geo­graph­ic­al or bal­ance sheet asym­met­ries;
b.
fin­an­cial un­bund­ling to con­tain risks of con­ta­gion by means of:
1.
the re­duc­tion of cap­it­al par­ti­cip­a­tions between leg­al en­tit­ies at the same level,
2.
re­stric­tions on the grant­ing of un­se­cured loans and guar­an­tees between leg­al en­tit­ies at the same level with­in the fin­an­cial group,
3.
the cre­ation of an in­cent­ive struc­ture that gives rise to the highest pos­sible de­gree of mar­ket-con­sist­ent in­tra-group fin­an­cing;
c.
op­er­a­tion­al un­bund­ling to safe­guard data and en­sure con­tinu­ation of im­port­ant op­er­a­tion­al ser­vices by means of:
1.
en­sur­ing ac­cess to and use of data re­sources, data­bases and IT re­sources,
2.
the sep­ar­a­tion or per­man­ent out­sourcing of key func­tions,
3.
ac­cess to and con­tin­ued use of sys­tems es­sen­tial to busi­ness op­er­a­tions.