Statement partial revision FINMA Outsourcing Circular 2018/3
On July 12, FINMA's consultation on the so-called "small banking regime", in which LAUX LAWYERS AG participated, ended. Almost unnoticed, this included a generally binding partial revision of Outsourcing Circular 2018/3 regarding the involvement of subcontractors. In principle, the proposed changes are to welcome but require a fine-tuning in detail.
Lex Laux: Algorithms, Experts and Ethics
In his 7th Laux Lauxcolumn Christian Laux is discussing how to deal with Algorithms from a legal perspective, and what an Algorithm is, to begin with. The analysis also brings about examples that show how ethical considerations will become more and more important when we need to deal with difficult questions in the digital era.
Legal Opinion Swiss Banking Secrecy and Cloud Computing – English and French version
Recently, the Swiss Bankers Association (SBA) has published a "Cloud Guide for Secure Cloud Banking". Laux Lawyers AG took part in the discussion with an expert opinion on Swiss banking secrecy. Our law firm, like the SBA, has come to the conclusion that banks are basically free to use clouds, and also cloud services from providers abroad. Meanwhile, the translation in English and French are available for download. Here’s the legal opinion in all three languages:
Legal Opinion Swiss Banking Secrecy and Cloud Computing
The Swiss Bankers Association (SBA) has today published a "Cloud Guide for Secure Cloud Banking". Laux Lawyers AG took part in the discussion with an expert opinion on Swiss banking secrecy. Our law firm, like the SBA, has come to the conclusion that banks are basically free to use clouds, and also cloud services from providers abroad. Here's the legal opinion:
Contribution to Contact Management Magazine about Cloud Computing & data protection
In his contribution to “Contact Management Magazine”, Christian Laux addresses the issues around the hot topic of cloud computing and data protection. There are a number of court cases on the European level. In this article, Christian discusses the most prominent of them.
Lex Laux: Why it needs a controlled E-ID
In his third Lex Laux column, Christian Laux raises the question why digital identities are needed and what it means to have one in the digital age. This is a question everybody should have a response to. Christian Laux explains what to focus on in the current lawmaking process (referred to as the E-ID). Switzerland should provide infrastructures permitting users a good level of protection when registering for services. The Swiss Federal Government should deploy strong oversight and audit control over these infrastructures.