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Negative Interest Rates Have ‘Detrimental Impact’ on Banks & Customer Behavior: Swiss Regulator

Switzerland’s financial regulator FINMA in its “Risk Monitor 2019” report while talking about the low interest-rate environment, cyber-risks, and market access also covered the risks posed by the cryptocurrency market in its money laundry section. The Swiss financial centre it says has been a wealth management hub which makes it “particularly exposed” to money laundering risks. The Swiss Financial Market Supervisory Authority which is responsible for financial regulation says apart from the traditional money…

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Fakhir

nice post