credit-suisse.com Financial Market Regulation
Financial markets are closely regulated to ensure they function efficiently and effectively. Since the financial crisis, governments and regulatory authorities around the globe have proposed and enacted numerous reforms to help create a more robust financial system. Switzerland has helped to shape and has actively implemented regulations in areas such as the prevention of money laundering and corruption, as well as the strengthening of investor protection.
Major regulatory reforms have been enacted in recent years to stabilize and strengthen the global financial system.In the US, the Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA) served as the basis for market infrastructure reforms. Within the European Union, the European Markets and Infrastructure Regulation (EMIR) was adopted to regulate the over the counter (OTC) derivatives market, and the Markets in Financial Instruments Directive (MiFID) was introduced to prevent market abuse and to create a governance structure for a single, pan-European market for investment services.