In principle, the VAV supports the planned amendments to the FinMIA, particularly where they take account of technological developments and strengthen the stability and competitiveness of the financial center by making the necessary adjustments to the further development of international standards. However, we still see room for improvement in some aspects of the draft law.

The Board of the VAV has appointed Manuel Rybach as its new Managing Director. Manuel Rybach, an experienced and well-connected expert in public policy, will take up his new role on 1 January 2025. He succeeds Pascal Gentinetta, Head Public Policy & Stakeholder Management at Julius Baer, who has successfully managed the VAV for ten years in addition to his existing responsibilities at Julius Baer on which he will focus going forward.

The VAV rejects the proposed circular, as it is in many parts of a legislative nature and contradicts the will of the legislator in some respects. The attempt to subject the civil law relationship between customer and bank to public law is firmly rejected.