k-flash audio commentSupervisory fees
k-flash audio commentSupervisory fees

The case

Disappointing response from the Federal Council to a parliamentary question.

Source: finews (German)

The commentary

FINMA is imposing a double burden on asset managers and trustees: directly through fees and indirectly through the supervisory levy, which has skyrocketed in recent years.

The sharp rise in the supervisory levy, which supervisory organisations pass on to their affiliated asset managers and trustees, has caused unrest in the industry. The Federal Council’s response to a corresponding request by a member of the National Council is now available. Commentators describe its content as meagre. According to these commentators even more worrying, is the attitude expressed in the response: (…) what is irritating is the legalism and lack of empathy expressed in the response, as well as the nonchalance with which a question from a member of the National Council has been dismissed. Link (German)

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